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Friday, October 27, 2006

ANZ nets A$113 million profit from Pacific Banking

ANZ has recorded an annual profit of A$113 million for the year ended 30 September 2006 from its Pacific Banking business. The profit was a 26% increase on results of the previous year.

The bank said the result indicated the underlying strength of Pacific economies and market share gains in a number of countries including Fiji, Papua New Guinea and American Samoa.

The bank said it had improved its services by opening more branches, refurbishing existing branches, installing more ATMs and introducing Internet banking to a number of Pacific countries.

It has also expanded its rural banking program to Tonga, Vanuatu and Solomon Islands.

ANZ said that its’ financial performance would enable it to make further investments in the coming years for the benefit of customers, staff and communities throughout the Pacific.

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