SYDNEY Feb 15Australia and New Zealand Banking
Corp, the country's fourth-largest bank, posted a 6.2
percent rise in first quarter earnings on Friday, boosted by
strong global markets and Australian retail banking.
ANZ, which aims to earn nearly a third of its annual profit
in Asia by 2017 as Australian growth slows, reported cash profit
of A$1.53 billion ($1.58 billion), compared with A$1.49 billion
a year ago.
ANZ said that "reasonable" revenue volume growth in Asia was
offset by margin pressure in New Zealand and in its
international and institutional banking division.
Analysts forecasts were not available as the update was the
first time ANZ has reported cash profit, in line with its peers.
It previously reported underlying profit.
($1 = 0.9655 Australian dollars)
(Reporting By Jane Wardell; Editing by Lincoln Feast)