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Cameron Bagrie: Record high profits heading ANZ's way

Published: Oct. 27, 2022, 9:09 p.m.

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Bank profits are up, with the country\'s biggest bank taking home serious returns this financial year.

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The net profit of ANZ\'s New Zealand arm has risen 20 percent for the year to September, to almost 2.3 billion dollars.

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ANZ speculates that\'s due to post-pandemic economic activity.

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Economist Cameron Bagrie says more record-high profit margins could be on their way.

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He says across 27 banks, there\'s a real chance for an eye-watering ten-million dollar profit to hit this year.

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