Australia's ASX posted a more than 5% rise in annual underlying profit, fueled by increased trading activity due to market volatility, leading its shares to their highest point in over three months. Meanwhile, Dutch lender ABN Amro raised its full-year net interest income guidance to €6.8 billion, exceeding previous forecasts after a strong second quarter. In Australia, ANZ Group reported a 1% increase in third-quarter cash profit to A$1.90 billion, attributed to higher lending volumes and margins, though mortgage demand showed signs of slowing.
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Key Numbers
5%ASX annual underlying profit rise
€6.8BABN Amro full-year net interest income guidance
€6.4BABN Amro previous net interest income guidance
Australian bank reporting third-quarter profit rise
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Key facts
ASX reported a more than 5% rise in annual underlying profit.
ASX shares reached their highest level in over three months.
ABN Amro raised its full-year net interest income guidance to €6.8 billion.
ABN Amro's previous net interest income guidance was €6.4 billion.
ABN Amro's second-quarter performance surpassed market expectations.
ANZ Group reported a 1% rise in third-quarter cash profit.
ANZ Group's third-quarter cash profit was A$1.90 billion.
ANZ noted a slowdown in mortgage demand following Australian tax changes.
Higher central bank interest rates are benefiting Benelux banks.
Increased lending volumes and improved margins drove ANZ's profit.
Australia's stock exchange operator, ASX, announced a more than 5% increase in its annual underlying profit. This growth was primarily driven by heightened market volatility, which in turn boosted trading activity on the exchange. Following this announcement, ASX shares climbed to their highest level in over three months, reflecting positive investor sentiment.
In the Netherlands, ABN Amro has revised its full-year commercial net interest income (NII) guidance upwards. The Dutch bank now anticipates an NII of €6.8 billion, an increase from its previous guidance of €6.4 billion. This upward revision comes after the bank's second-quarter performance exceeded market expectations. ABN Amro's improved outlook is consistent with trends observed among other Benelux banks, which are also benefiting from the prevailing higher central bank interest rates.
Separately, ANZ Group in Australia reported a modest 1% rise in its third-quarter cash profit, reaching A$1.90 billion. The bank attributed this growth to an increase in lending volumes and improved net interest margins. However, ANZ noted a slowdown in mortgage demand, which it linked to recent Australian tax changes that have impacted property investors. This suggests a mixed environment for Australian financial institutions, with some sectors experiencing growth while others face headwinds.
↳ Why This Matters
Australia's stock exchange operator, ASX, announced a more than 5% increase in its annual underlying profit. This growth was primarily driven by heightened market volatility, which in turn boosted trading activity on the exchange. Following this announcement, ASX shares climbed to their highest level in over three months, reflecting positive investor sentiment.
Frequently asked questions
ASX reported an underlying net profit after tax of A$536.4 million for the year ended June 30.
The increase was driven by heightened market volatility, which boosted trading activity across its Markets, Technology & Data, and Securities & Payments business lines.
ASX expects higher core business costs in FY26 due to the ASIC Inquiry.
Release 1 of the CHESS replacement project is targeted for the fourth quarter of FY26.
What Happens Next
01ASX will focus on its transformation program.
02ASX will respond to the ASIC Inquiry, which is expected to bring higher core business costs in FY26.
03Release 1 of the CHESS replacement project is targeted for the fourth quarter of FY26.
04ASX plans to introduce new data products and support ongoing listings activity.
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