Monday, July 28, 2008

Australia & New Zealand Banking Group Ltd

Australia & New Zealand Banking Group Ltd (ANZ) said earlier today its 2008 earnings per share were likely to fall between 20% and 25% on the previous year due to a rise in credit impairment costs. The bank, Australia's third largest mortgage lender, said it was likely to make provisions in the second half of around 1.2 billion Australian Dollars ($1.1 bln) as a result of the ongoing deterioration in credit markets.

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