By Gareth Vaughan
Despite a forecast drop of more than A$500 million in annual profit for BNZ's parent National Australia Bank, Australasia's big four banks are expected to post a 6% rise in combined annual profit to a fresh record high of about A$28.535 billion (about NZ$31.5 billion).
ASB's parent Commonwealth Bank of Australia reported its June year results back in August, delivering a 12% rise in annual cash profit to A$8.68 billion.
The three other members of the big four, who all have September balance dates, report in coming weeks. First up is NAB on Thursday October 30, followed by ANZ on Friday October 31, and finally Westpac on Monday, November 3.
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