ANZ reports 5% rise in third-quarter impaired assets

FILE PHOTO: The logo of the ANZ Banking Group is displayed in the window of a newly opened branch in central Sydney, Australia, Aprl 30, 2016. /David Gray/File Photo() – Australia and New Zealand Banking Group (ANZ.AX) said on Friday impaired assets rose 5% in the third quarter, as the bank relaxed lending requirements to boost market share amid a sluggish economy. Gross impaired assets for Australia’s No. 4 bank by market value rose to A$1.97 billion ($1.33 billion) in the quarter ended June 30, from A$1.88 billion a year earlier. Reporting by Aditya Soni in Bengaluru; Editing by Maju SamuelOur Standards:The Thomson Trust Principles.