Aussie lender ANZ Group reported H1 profits after tax of A$2.9bn ($2.2bn), a 45% improvement over 2H2020. Profits were helped by a release of A$491mn ($380mn) in provisions vs. a charge of A$1.06bn ($820mn) in 2H2020. The bank’s CET1 ratio was at 12.4%, a 110bp rise over the prior half year. The bank proposed an interim dividend of 70 cents a share, up from 35 cents at the final 2020 result. ANZ’s results come days after peer Westpac reported a strong quarter.
ANZ’s dollar bonds were stable – its 6.75% Perp was at 117.4, yielding 3.05%
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