By Shashwat Awasthi
(Reuters) - Australia and New Zealand Banking Group on Monday joined rival Westpac in flagging lower margins and warned of a first-half hit from "softer" performance in its markets business, sending its shares to a near one-year low.
ANZ did not disclose a profit figure for the quarter and said group net interest margin declined by 8 basis points, but added that rising interest rates in New Zealand would relieve some pressure in the second quarter.
Australian lenders are b...
>>> Read more: ANZ shares near one-year low as home lending competition crimps margins
(Reuters) - Australia and New Zealand Banking Group on Monday joined rival Westpac in flagging lower margins and warned of a first-half hit from "softer" performance in its markets business, sending its shares to a near one-year low.
ANZ did not disclose a profit figure for the quarter and said group net interest margin declined by 8 basis points, but added that rising interest rates in New Zealand would relieve some pressure in the second quarter.
Australian lenders are b...
>>> Read more: ANZ shares near one-year low as home lending competition crimps margins
