banks, page-2

  1. 1,200 Posts.
    Sounds like a perfect time to exit if your overweight ANZ, off course IMHO.

    [From ABC online]
    Fri, Feb 21 2003 12:56 PM AEDT

    ANZ confident of growth in tough environment

    The ANZ Bank says it remains on track for 8 per cent profit growth this year despite a tougher operating environment and a hitch in its credit card business.

    The bank says it will take a one-off charge after tax of $27 million on its credit card issuing business because of a previous under-accrual of loyalty points liabilities.

    The ANZ also says it is confident of resolving satisfactorily its major outstanding dispute with the Australian Taxation Office.

    The bank is holding public shareholder meetings in Auckland today and Wellington next week.

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