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ANZ turns cost cuts into a 27% cash profit rise
8:25am on Monday 9th of November, 2026 AEDT
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Banking and Financial Services
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ANZ turns cost cuts into a 27% cash profit rise
8:25am on Monday 9th of November, 2026 AEDT
Key Points
Statutory profit attributable to shareholders rose 20% to $7.221 billion
Cash profit increased 27% to $7.542 billion on a non-IFRS basis
Gross cost savings reached $902 million and the cost-to-income ratio fell to 49.4%
Credit impairment charges rose 34% to $585 million
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Australia and New Zealand Banking (ASX:AN3)
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