ANZ profit up on strong domestic, Asian performance

SYDNEY: Australia and New Zealand Banking Corp posted a 10 percent rise in full-year cash profit, its fifth straight year of record profit, helped by gains in its Asian operations and a strong performance at home.

ANZ, Australia's No.3 lender by market value, is the only one of Australia's highly profitable big four lenders to have set its sights on developing a large business in Asia, building infrastructure and profits in a region experiencing rapid economic growth.