Larry Williams Drive

A $2.5 billion dollar boost for our largest bank. ANZ New Zealand's announced a 21 percent increase in its annual profit. It's largely down to a good year for the bank's hedging - investments designed to offset financial risks. Chief Executive Antonia Watson says the bank also grew its balance sheet, and adjusted funds set aside for covering unpaid loans.  "In a sign of green shoots, we've actually released some of the credit provisions that we took in previous years." Westpac has had a 13 percent profit increase - and BNZ's had no change. LISTEN ABOVESee omnystudio.com/listener for privacy information.