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ANZ boss says bank can’t let-up, despite better than expected profit

ANZ chief Shayne Elliott says the bank can’t let-up in its hunt for savings over the next few years, despite posting a better than expected half-year result.

ANZ posted a $3.56 billion profit.

Mr Elliott told Ross Greenwood the number had to be put into perspective.

“It’s a big number because we’ve got a lot of capital at work generating that, but look at the composition – our profit in Australia was actually down 8 per cent,” he explained.

“That’s a pretty big fall.”

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