ANZ chief executive, Shayne Elliott, has confirmed that the bank’s restructuring project is a work in progress at the same time as releasing a trading update revealing a three per cent decline in adjusted cash profit of $4.3 billion.
The trading update for the nine months to 30 June, 2016, declared that profits before provisions was up five per cent.
Commenting on the result, Elliott claimed the banking group had now established a consistent focus on delivering the strategic outcomes outlined to shareholders in its first-half 2016 result.
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He said there continued to be opportunities for growth in retail and commercial in Australia and New Zealand, and in institutional banking includi…
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