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The New Daily

Prashant Mehra

EXPLAINED: Anz s profit soars but ceo warns challenges ahead - The Real Truth

ANZ's first-half profit has risen on the back of strong home lending volumes and lower bad loans. Photo: AAP

Australia and New Zealand Banking Group has delivered a record first-half cash profit on the back of strong growth in its home lending and institutional businesses, but warned of challenges in the coming months.

The lender posted a 23 per cent jump in cash profit to $3.82 billion, largely in line with analyst expectations.

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