ANZ continued its solid business performance across the Pacific this third quarter recording a profit of $4.5billion, ANZ chief executive officer, Mike Smith said.
"We continue to see growth opportunities in the business from ongoing good performance in international and institutional banking while also focusing on driving greater cost and capital efficiency across the group," he said in a statement.
"We have seen continuing market share gains and some recovery in margin in the Australia division and the benefits of productivity initiatives initiated earlier in the year are beginning to show through.
"New Zealand has also seen market share gains particularly in retail and costs continue to be tightly controlled. We have managed ongoing funding and competitive pressures well, with group margins stable relative to the end of the first half."
For the nine months to June 30, the bank improved its underlying profit by 5.5 per cent to $4.5 billion.