If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
ANZ yesterday reported a net profit of $3.3 billion for the year to September, 21 per cent down on the 2007 results. The provision for credit impairment rose from $522 million in 2007 to $1.9 billion. Non-performing loans rose $1.06 billion to $1.17 billion. Most of the bank's performance measures deteriorated. Return on equity fell from 19.6 to 13.2 per cent (and to only 11.2 per cent in the second half). Return on assets fell from 1.15 to 0.76 per cent. The expense to income ratio was up from 43.7 to 46.8 per cent. The net interest margin fell 18 basis points from 2.19 to 2.01 per cent. Operating expenses of $5.7 billion were up 15 per cent on the previous year.
