Profit plans

Townsville Bulletin - - Investor -

ANZ Bank­ing Group Ltd has flagged a tar­get of de­riv­ing as much as 30 per cent of its profit from out­side of Aust r al i a and New Zealand within six years.

C h i e f e x e c u t i v e M i k e Smith an­nounced the tar­get in an up­date on the group’s ex­pan­sion yes­ter­day.

The lat­est tar­get comes three years since the bank first set a ‘‘ su­per re­gional’’ strat­egy. ANZ’s Asia Pa­cific, Europe and Amer­i­cas divi­sion aims to con­trib­ute 30 per cent of profit by 2017.

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