SYDNEY: Australia & New Zealand Banking Group Ltd (ANZ) said yesterday that deposit and mortgage growth had helped prop up its first-half earnings, but a tough domestic market would force it to seek growth in Asia.
Australia's third largest lender said its net profit rose 9% in the period, lower than traditional double-digit increases but in line with expectations for the country's big four banks. The industry is battling to find new business in a saturated market.
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