BUZZ-ANZ gains on robust loan book; Morningstar points to solid capital position
Reuters · 08/20 02:49
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** Shares of Australia's ANZ Group ANZ.AX rise as much as 0.8% to A$29.97
** Shares hit highest since July 18
** The lender reports increase in of home loan payments overdue more than 90 days in Q3, hurt by sticky inflation and high borrowing costs
** Bank said its total loan book rose from the prior quarter
** Morningstar says lending volume growth remains strong for ANZ
** Brokerage adds stress in loan book is rising but manageable, and the capital position post-completion of the Suncorp Bank acquisition is solid
** Downward pressure from competitive pricing on loans and deposits appears to be easing - Morningstar
** Stock has risen 14.7% this year, as of last close
(Reporting by Rishav Chatterjee in Bengaluru)
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