Australian lender reports in Q3 deposits

Written by Scott Murdoch

(Reuters) -The Austalia Group told Australia on Friday that its pure loans and customer deposits rose in the third quarter as lending remained for home purchases and that companies remained strong, which extends to a group of growth among major local banks.

In a limited quarterly trading update, Anz said that its most likely assets of credit risks are increasing due to growth in the home lending of the retail and institutional lending. Anz does not publish quarterly profit numbers, unlike most of its main competitors.

Anz shares increased by more than 1 % to $ 32.88 in mid -morning trading, exceeding a 0.2 % increase in the S&P/ASX200 standard.

The fixed Australian economy has continued. Work polls are optimistic in general and spending on consumers in the past two months, as low borrowing costs and previous tax discounts are feeding on income.

Anz, the fourth largest bank in Australia, at the market value, said that the percentage of the joint shares of the first -class, a main measure of the reserve criticism, has increased by 16 basis points since March to 11.9 %.

The banking group said in the trading update, that the mortgage payments in Australia exceeded the date of its entitlement for 90 days or more than 4 Berto per second to 88 basis points compared to last year.

Domestic loan processes in both major Australian banks are low, despite the high cost of living pressures.

ANZ told an increase of 19 billion dollars ($ 12.35 billion) for customer deposits in the quarter, driven by an 8 % increase in institutional deposits. Its pure loans and progress grew 2 %.

The leading company commenweile bank, the market, and Westpac, mentioned this week, lending and depositing in its results in the third and third quarter.

Last week, Nuno Matos, CEO of ANZ, ordered a strategic review of the bank’s operations, focusing on the integration of Suncorp banking into the organization after its acquisition of 2024.

The trading update showed that the succulent assets of SUNCORP amounted to 34.1 billion dollars at the end of the quarter in June, a slightly increase in the previous quarter.

Matos analysts, who became the CEO of May, are expected to provide a strategy about the bank’s expectations before the results of the entire year are published on November 10.

($ 1 = 1.5389 dollars)

(Participated in Scott Murdoch’s reports in Sydney, participated in additional reports from Rishaf Chattji and John Peugeot in Bangaluru; edited by Alan Barona and the passing of Anangamamman)