About: http://data.cimple.eu/news-article/471bd034076c348d86ff152ad088bef5d72b483d634d1bd4dd09f794

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About: http://data.cimple.eu/news-article/471bd034076c348d86ff152ad088bef5d72b483d634d1bd4dd09f794 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Australia's ANZ Bank announced Thursday its post-tax profit had plunged 40 percent as the lender set aside billions to cover loans unlikely to be repaid because of the coronavirus pandemic. The bank reported profits of Aus$3.58 billion (US$2.52 billion) for the full year ending September 30, attributing the lower return to credit impairment charges of Aus$2.74 billion before tax. A further Aus$815 million was set aside to cover expected virus-related lending losses in Asia. The bank said about 119,000 home loans across Australia and New Zealand were deferred during the crisis, with roughly 40,000 remaining frozen as at October 15 and another 11,000 requesting an extension. "We never could have forecast 2020, a year that started with devastating bushfires in Australia and unwound with the waves of a pandemic that continues today," CEO Shayne Elliott said in a statement to the Australian Securities Exchange (ASX). "While we still cannot predict its course, we remain confident we can deal with its impacts." A dividend of Aus$0.35 per share will be paid out to shareholders, the bank said. ANZ also announced a new climate change policy that includes a commitment not to finance new thermal coal mines or coal-fired power stations from 2030. The decision drew the ire of Australia's conservative government with Resources Minister Keith Pitt telling the bank to "focus on home loans, not activism". Australia is roundly criticised by environmental groups as a climate laggard, with corporations increasingly ahead of the government on action to reduce carbon emissions. The company's shares dropped 2.45 percent to Aus$18.69 at the start of trade. hr/arb/jah
schema:headline	ANZ full-year profit plunges on expected virus fallout
schema:mentions	Dividend New Zealand national rugby union team Asia Greenhouse gas Coal Global warming Australia Chief executive officer Pandemic Virus Shayne Elliott Keith Pitt Unwound Australia and New Zealand Banking Group Australian Securities Exchange
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-10-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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