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Bloomberg
Australia & New Zealand (ANZ) Banking Group Ltd profit was little changed as the lender faced a slowing economy and higher customer-compensation costs.
Cash profit from continuing operations was A$6.47 billion ($4.46 billion) in the year ended on September 30, compared to A$6.49 billion the year before, the Melbourne-based lender said.
“This has been a challenging year of slow economic growth, increased competition, regulatory change and global uncertainty,†ANZ bank’s Chief Executive Officer Shayne Elliott said.