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ANZ hits targets in NZ

ANZ hits targets in NZ

ANZ’s New Zealand arm has posted an impressive lift in cash profit for fiscal 2014, hitting a number of targets, and remains confident of further growth in the future.

"Next year if the economy holds up I think we could see another good set of numbers for top-line growth."

Speaking to BlueNotes on video, ANZ’s New Zealand CEO David Hisco, the past 12 months had been a good year for the bank. 

“We hit a lot of the targets that we were aiming at,” he said. “We grew market share across the country in a number of products. All in all it was a very good year for us.” 

“Next year if the economy holds up I think we could see another good set of numbers for top line growth.” 

ANZ’s NZ arm posted a cash profit of $1.68 billion, up 17 per cent on the previous corresponding period. That result includes a one-off charge related to insurance recovery. 

The group’s statutory profit rose to $1.71 billion. 

Hisco also touched on the bank’s strategy and ANZ’s plans over the next four years. Watch the above video to find out more.

The views and opinions expressed in this communication are those of the author and may not necessarily state or reflect those of ANZ.

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