Oct 31 (Reuters) - Australia and New Zealand Banking Group Ltd on Thursday reported a second-half cash profit that fell nearly 3%, as record low interest rates, remediation for past misdeeds and “intense competition” impacted the lender’s bottom line.
Cash profit from continuing operations for the six months ending Sept. 30 fell to A$2.91 billion ($2.01 billion). (reut.rs/3332suX)
That was lower compared to an estimate of A$2.93 billion, according to a Reuters poll of six analysts.
The lender maintained its final dividend at A$0.80 per share.
$1 = 1.4495 Australian dollars Reporting by Devika Syamnath in Bengaluru; Editing by Shounak Dasgupta and Shailesh Kuber