AU market earnings: ANZ sees 3% increase in loans as mortgage arrears climb
ANZ reports a 3% rise in net loans and advances for the third quarter, while overdue mortgage payments increase to 84 basis points.
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This video was created on 20 August for IG audiences by ausbiz.
ANZ’s Q3 trading update shows modest growth
ANZ’s third-quarter trading update revealed a 3% rise in net loans and advances, while customer deposits grew by 2% for the quarter ending June. Mortgage payments overdue by 90 days or more increased to 84 basis points for ANZ housing loans.
The bank's Common Equity Tier 1 (CET1) ratio was 13.3% as of June’s end. ANZ did not disclose its quarterly cash profit in this update.
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