ANZ year profit down 42 per cent, dividend cut

Updated October 29 2020 - 10:39am, first published 10:33am
ANZ has reported a big drop in full-year earnings and cut its dividend payout to shareholders.
ANZ has reported a big drop in full-year earnings and cut its dividend payout to shareholders.

Australia and New Zealand Banking Group has reported a 42 per cent drop in full-year cash profit after loan losses increased due to economic challenges triggered by the COVID-19 pandemic.

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