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ANZ 2013 Q1 net profit increases by 6.2% to $1.58bn

Australia and New Zealand Banking Group (ANZ) has reported an unaudited cash profit of A$1.53bn ($1.58bn), with an increase of 6.2% from A$1.44bn ($1.49bn) during the same period last fiscal.

For the three months on 31 December 2012, its unaudited statutory profit after tax stood at A$1.36bn.

AMZ chief executive officer Mike Smith said, "Productivity improvement is a key focus ensuring that we can continue to invest in our super regional strategy while also maintaining our financial performance."

Global Markets income rose by 26% to A$544m. Customer sales income increases by 4% on quarterly average for 2012, with the Australian business performing well and the Asian business having its strongest ever customer sales result.

ANZ’s APRA Basel III CET1 ratio at 31 December 2012 stood at 7.7% which equates to 9.7% on a fully harmonized basis, unchanged from the full year 2012.

Operating in 30 markets across the globe, ANZ provides a number of banking and financial products and services to around eight million customers.