Antonia Watson: ANZ Chief Executive on the bank's annual profit going up by 21 percent

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded10 Nov 2025

Publisheromnycontent.com ↗

Handlerec:7246257

Show notes

A $2.5 billion dollar boost for our largest bank. ANZ New Zealand's announced a 21 percent increase in its annual profit. It's largely down to a good year for the bank's hedging - investments designed to offset financial risks. Chief Executive Antonia Watson says the bank also grew its balance sheet, and adjusted funds set aside for covering unpaid loans. "In a sign of green shoots, we've actually released some of the credit provisions that we took in previous years." Westpac has had a 13 percent profit increase - and BNZ's had no change. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.