Sydney Feb 11 Macquarie Group Ltd,,
Australia's top investment bank, said on Tuesday it continues to
expect an improved annual profit in the current fiscal year as
market conditions show signs of improvement.
Macquarie is forecast to post a A$1.2 billion ($1.08
billion) net profit for the year to March 31, according to a
poll of three analysts. That would be its first yearly takings
over A$1 billion since 2010, after its A$851 million result in
The bank has been "de-risking" from its traditional
investment banking operations by growing its exposure to lower
risk, more reliable businesses like unlisted funds, retail
banking and leasing.
($1 = 1.1159 Australian dollars)
(Reporting By Byron Kaye; Editing by John Mair)