SYDNEY: Australia and New Zealand Banking Group beat estimates for first-half profit on Wednesday, helped by the release of pandemic-era provisions and home loan growth in New Zealand, and forecast improved second-half margins as interest rates rise. The lender said it expects margins to be partly helped by higher deposit-driven earnings growth as the banking sector steps into a new period of higher borrowing rates. The Reserve Bank of Australia on Tuesday delivered its first rate hike in over a
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2022-05-04 00:00:00.0