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ANZ reports 27% jump in net profit, bolstered by increase in Asian deposit base

ANZ was able to beat most analyst forecasts with its first quarter results, helped in-part by a halving in its provision for bad debts. The bank reported a 27% rise in its net profits for the first quarter and re-iterated its focus on its Asian business. While margins at the bank came under pressure this quarter, largely because of its…

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