Antonia Watson: ANZ chief executive defends $2 billion cash net profit amid current economic climate

from Best of Business · host Newstalk ZB

ANZ's CEO is defending its cash net profit, at a time households struggle with the cost of living. The country's largest bank has reported a 10 percent increase in its cash net profit in the year ending September. Antonia Watson says their profit of over $2 billion is a lot of money in a New Zealand sense. "The thing is, we're just really big- and I think that's the hard thing for Kiwis to get their heads around. Our profits are middle-of-the-road." LISTEN ABOVESee omnystudio.com/listener for privacy information.

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This episode was published on November 13, 2023.

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