Unaudited underlying profit for the nine months to 30 June 2012 increased 5.5% to A$4.5bn ($4.71bn) compared to underlying profit of A $4.2bn ($4.4bn) during the corresponding period earlier year.
According to the financial data of nine months for ANZ, its total global markets income is on track, up 2% year to date to $1.4bn ($1.46bn); income composition is changing in line with strategy with customer sales revenues up strongly.
ANZ has reported net interest margin, a measure of the profit it makes on loans, of 270 basis points at its half year results.
For the nine months ended on 30 June 2012, ANZ’s size of deposits rose by 8.7%, while its lending grew by 7.7% from the previous corresponding period.
ANZ chief executive officer Mike Smith said the bank continue to see growth opportunities in the business from ongoing good performance in International and Institutional Banking while also focusing on driving greater cost and capital efficiency across the group.
"We have seen continuing market share gains and some recovery in margin in the Australia Division and the benefits of productivity initiatives initiated earlier in the year are beginning to show through," Smith said.
"New Zealand has also seen market share gains particularly in Retail and costs continue to be tightly controlled.
"We have managed ongoing funding and competitive pressures well, with Group margins stable relative to the end of the first half. While the credit environment reflects the pressures in the broader economy there have been no developments which would lead us to alter our provision outlook."
