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ANZ welcomes 2021 Federal Budget

Date Time ANZ welcomes 2021 Federal Budget ANZ Chief Executive Officer Shayne Elliott today welcomed the Federal Government’s 2021 Budget as a key driver for Australia’s continuing economic recovery from the COVID-19 pandemic. “This is the right budget for these economic times and is good news for Australian industries, households and social services. “While it is more stimulatory than many would have anticipated, this reflects the reality that the pandemic still poses risks to our health and economic prosperity and once again shows the government’s flexibility in dealing with the ongoing impacts,” Mr Elliott said. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here.

Shayne elliottExecutive officer shayne elliottFederal governmentAnz bankFederal governmentSocial servicesFederal budgetCovid 19ஷெய்ன் எலியட்நிர்வாகி அதிகாரி ஷெய்ன் எலியட்கூட்டாட்சியின் அரசுஅன்வருள் வங்கி

UPDATE 3-Australia s ANZ to return capital as earnings double from COVID-19 slump

Hikes interim dividend, considers more payouts Australian banks recovering rapidly from COVID slump (Recasts, adds analyst reaction) SYDNEY, May 5 (Reuters) - Australia and New Zealand Banking Group on Wednesday said it would explore returning capital to shareholders as its first-half profit more than doubled, boosted by money it had set aside but no longer needed to cover potential COVID-19 losses. Australian banks are recovering from the pandemic earlier than their global peers, as the country’s success in controlling the virus combined with near-zero interest rates and high government spending lift confidence and the housing market. ANZ’s cash profit rose to A$2.99 billion ($2.3 billion) for the six months ended March 31, from A$1.41 billion a year ago, driven by the partial reallocation to profit of a previously expensed bad debt provision.

New south walesStephen coatesSameer manekarSam holmesShayne elliottPaulina duranBig fourRazib khanThomson reuters trust principlesZealand banking group onNational australia bankCommonwealth bankWestpac banking corpNew zealand banking groupExecutive officer shayne elliottAustralia bank

UPDATE 4-Australia s ANZ weighs returning excess capital as profit doubles from virus slump

Hikes interim dividend, considers more payouts Sets target to bring down annual costs to A$8 bln by 2023 Australian banks recovering rapidly from COVID slump (Adds CEO’s quote, cost reduction goal, share move) SYDNEY, May 5 (Reuters) - Australia and New Zealand Banking Group (ANZ) said it would consider returning capital to shareholders as its first-half profit more than doubled, boosted by the release of funds it had set aside previously to cover potential COVID-19 losses. Australian banks started recovering from the pandemic earlier than global peers, as the country’s success in controlling the virus combined with near-zero interest rates and high government spending lifted consumer confidence and the housing market.

New zealandNew south walesShayne elliottStephen coatesSameer manekarSam holmesMuralikumar anantharamanPaulina duranRazib khanBig fourThomson reuters trust principlesZealand banking groupNational australia bankCommonwealth bankWestpac banking corpNew zealand banking group

MIL-OSI New Zealand: Alexis George to leave ANZ | ForeignAffairs co nz

MIL-OSI New Zealand: Alexis George to leave ANZ | ForeignAffairs co nz
foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.

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SME Recovery Loan Scheme to provide critical boost

SME Recovery Loan Scheme to provide critical boost
miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.

Shayne elliottExecutive officer shayne elliottFederal governmentLoan schemeஷெய்ன் எலியட்நிர்வாகி அதிகாரி ஷெய்ன் எலியட்கூட்டாட்சியின் அரசுகடன் திட்டம்