Macquarie has posted a $1.25 billion net profit for the six months to 30 September 2017, up 19 per cent on the prior corresponding half-year. The Macquarie result is up 7 per cent on the half-year ended 31 March 2017, and up 19 per cent on the half-year ended 30 September 2016. The investment bank saw its operating income increase 3 per cent on the prior corresponding period to $5.4 billion.
Macquarie’s annuity-style businesses increased their contribution to the group’s net profit (up 28 per cent on the prior corresponding period) while the capital markets-facing businesses saw their contribution decrease by 18 per cent. The group’s assets under management as at 30 September 2017 was $473.6 billion, down 2 per cent from 31 March 2017. The bank’s core equity tier one ratio sits at 11 per cent, and the bank’s leverage ratio is 6.1 per cent.
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