ANZ’s full-year results are out, and it’s a record profit for Mike Smith’s operation.
The key numbers:
- 11 per cent lift in profit to $6.5 billion.
- Fully franked final dividend of 91c a share
- ROE up 20bps to 15.3% and EPS up 9% to $2.385c
The bank achieved the result for the 12 months to September on the back of a strong home loan market and its Asia strategy.
“This is a strong performance, the result of a distinctive long-term strategy focused on growth in our domestic franchises and targeted expansion in Asia,” said CEO Mike Smith.
Yesterday it was reported that the bank was sounding out Future Fund executive chairman David Gonski as its next chairman.