ANZ Banking Group has reported an unaudited underlying profit after tax for the nine months to June 30 of around $3.6 billion, up 26 per cent on the corresponding period in 2009.
ANZ said profit after tax was around $1.3 billion in the third quarter, up 37 per cent on the corresponding period due to modest growth in business earnings and reduced provisions.
"Our core businesses in Australia, Asia Pacific and New Zealand continued to perform well in the third quarter against the backdrop of Australia's solid economic performance, strong economic growth in Asia and the emerging recovery in New Zealand," ANZ chief executive Mike Smith said.
"While economies around the world are growing at different speeds, the improving economic cycle is continuing to see ANZ's provisions trend lower."
Mr Smith said the global economic outlooks remained 'unusually uncertain'.
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"This uncertainty is associated with the combination of consumer, business and public sector de-leveraging; domestic and international re-regulation; and the implications of high unemployment and other protracted structural challenges in the US and in Europe," he said.
"Together, they mean global economic growth is not going to rebound quickly.
"Although Australia and to a lesser extent New Zealand are benefiting from Asia's strong growth, its clear domestic credit growth will continue to be softer than we saw pre-crisis."
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