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Maroc Maroc - THESTAR.COM.MY - Business - 08/Nov 03:30

Australian lender ANZ's annual profit shrinks as late repayments rise

SYDNEY: ANZ, Australia's No. 4 lender by mortgages, said annual profit tumbled as fierce competition ate away margins while late loan repayments surged, underscoring the pressure on banks and their customers as they hold out for an interest rate cut. Read full story

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