Australia and New Zealand Banking Group said on Friday the value of its mortgage...
In a limited market update, ANZ said gross impaired assets also rose 5% to A$1.97 billion in the quarter ended June 30, from A$1.88 billion a year earlier.ANZ said it had introduced clearer lending approval processes and instructed staff to speed up loan applications, leading to a rise in home-loan applicants in July.
“The 3Q19 release indicates mortgage lending remains under pressure, and it will take some time to see trends normalize should management initiatives be successful,” Citibank analyst Brendan Sproules said in a note to clients.
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