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News: ANZ Australia and New Zealand Banking announces first quarter 2016 trading update

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    Feb 17 (Reuters) - Australia and New Zealand Banking Group Ltd (ANZ) :

    • Anz - first quarter 2016 trading update (ANZ)
    • Anz today announced an unaudited cash profit of $1.85 billion for the three months to 31 December 2015
    • Says total provision charge for the first quarter 2016 was $362 million
    • Quarter statutory net profit was $1.6 billion
    • Gross impaired assets for the half will be broadly similar to the second half of 2015"
    • Anticipate total group credit charge will be little above $800 million this half compared to current market consensus of $735 million"
    • Apra common equity tier 1 (cet1) ratio was 9.4% at 31 December 2015
    • Quarter markets income increased 6% to $553 million
    • Gross impaired assets $2.7 billion as at 30 September 2015"
    • Qtrly cash profit up 5% compared to average of third and fourth quarters of the 2015 financial year
                        
 
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