ANZ 0.03% $32.46 anz group holdings limited

to buy or not to buy just yet, page-4

  1. OMS
    7,374 Posts.
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    im having a flick over the address to shareholders


    Page 4

    FY Profit of 3.3bn - good

    Maintained full dividend of 1.36 for the year - Good

    now

    the results, were adversely affecter by a 1.4bn increase in credit impairment charges on lending, giving rise to total provision of 1.9billion; in addition, there was a 700 million charge for credit risk on derivitaves


    further down the page


    we strengthened our collective provision by 829 million which stands at 1.1% of credit risk weighted assets(Does anyone have the % for other banks like CBA/NAB etc?)



    provisions bad but i dont think they need to raise capital by the first few pages i have read

 
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