Reported 2 days ago
ANZ Group has announced a rise in impaired assets to A$1.90 billion in the first quarter, attributed to an increase in mortgage restructuring amid higher interest rates. While the bank saw a 4% growth in loans and a 2% increase in customer deposits, the ongoing pressure from bad debts has led to a decrease in the common equity tier 1 ratio to 11.5%. This marks the highest level of asset impairments since September 2021.
Source: YAHOO