Australia And New Zealand Banking Group Limited (ASX: ANZ) noted a 16% growth in Statutory Profit After Tax to AU$7,119 million in FY2022 compared to FY2021.
FY2022 Highlights (period ended 30 September 2022):
1. Cash Profit from continuing operations increased 5% to AU$6,515 million.
2. Dividend per share was up 3% to AU$146 million.
3. Return on equity improved from 9.9% in FY2021 to 10.4% I FY2022.
4. Earnings per share was up 6% to AU 228.8 cents.
5. Gross Loans and Advances increased 7% to AU$676.0 million.
6. Customer Deposits increased 5% to AU$620.4 million.
Operational Highlights:
1. Restored momentum in Australian home loans with application approval times back consistent with peers.
2. Continued de-risking of the Group with the sale of its margin lending business, formal parting of Wealth business as well as exiting of Financial Planning and Advice.
3. ANZ Plus in market with deposits increasing faster than any other new digital bank in Australia. It expects fully digital home loan product to pilot next month.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
