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ANZ reports business and private bank loans rise in Q3

ANZ Bank logoANZ Bank
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In its third-quarter trading update, ANZ reported business and private bank loans up 4% to $71 billion, versus $68 billion in March and 6% higher than a year earlier. SME lending rose to $26 billion and diversified/specialised business lending to $40 billion, while private banking stayed at $5 billion. Cash profit was $1.90 billion, and underlying mortgage application values fell 12% from mid-May to end-July.

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