The Melbourne-based bank posted a more than 5 percent rise in quarterly profit, driven by a healthy homebuilders market in Australia.
ANZ said net profit rose 5.3 percent to A$1.79 billion in the third quarter, as cost cuts outdid a slight drop in revenue.
The Australian bank sold its private banking arm in Asia to Singapore's DBS recently, and is now focused far more strongly on business in Australia with retail, corporate and small business clients as well as the domestic wealthy.
«Tracking Well»
ANZ reported above-average growth in home equity loans in Australia, a business it said is «tracking well» towards meeting new requirements on mortgage lending. Australia's central bank on Tuesday warned of rising household debt when it released minutes from its August meeting.
«Although we are in period of lower sector revenue growth with some parts of the economy experiencing challenges, credit quality has improved,» Chief Executive Officer Shayne Elliott said in a statement.
On Monday, the bank said it is seeking a partner to upgrade its technology, nine months after an executive shakeup.
