Profit surge at ANZ National

A  45% in underlying profits in the last 9 months is even more of a reason that staff should not be disadvantaged by the potential demise of the National Bank, said Finsec Campaigns Director Tali Williams. The after tax profits of the bank have increased by 19% for the same period, to $735 million.

Williams said that ANZ National staff have responded brilliantly to the questions arising from the review of our collective agreement. “Staff from ANZ and National bank are speaking with one voice when it comes to the change.”

“They want both staff and customers to be treated fairly,” said Williams. “The massive increase in profits over the last year, despite recessionary conditions and earthquakes, means the bank won’t have a leg to stand on if it wants to cut jobs or services in the future.”

The report back from members is currently being collated in readiness for the next phase of the campaign.

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