(Reuters) -Australia’s ANZ Group said on Friday its customer deposits and net loans and advances rose in the third quarter, while credit risk-weighted assets edged higher due to growth in home lending at its domestic retail division.
ANZ, Australia’s fourth-largest bank in terms of market value, said its common equity tier 1 ratio, a key metric of spare cash, rose by 16 basis points since March to 11.9%.
This reflected the effect of higher lending growth in both Australia retail and institutional segments.
Mortgage payments in Australia past their due date for 90 or more days rose 4 bps to 88 bps as compared to last year, the banking group said in a limited quarterly trading update, which did not disclose its quarterly cash profit figure.
The firm reported a growth of A$19 billion ($12.35 billion) in customer deposits in the quarter. Its net loans and advances grew 2%.
($1 = 1.5389 Australian dollars)
(Reporting by Rishav Chatterjee and John Biju in Bengaluru; editing by Alan Barona)
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