Thursday , January 28 2021

MQG) on the track for another record result



"So today, mortgage brokers provide a valuable service, we suspect customers just know they are mostly used by customers," said Wikramanayake.

"We believe they provide competition and they provide a service and it is important to [we] Try to continue [this].

"The way they are paid off may need to change how they engage with their customers may have to change, but I think the service they provide seems to be valuable to customers, so eventually need to continue. "

Ms Wikramanayake made comments after an operational briefing, confirming guidance to a lift with a profit of up to 15 percent from last year's $ 2.56 billion, suggesting that it is heading for a profit of up to 2 , 94 billion USD for the current financial year ending March.

The bank also updated the market on regulatory issues, including a German probe in an alleged fraud protection tax. Ms. Wikramanayake said the authorities in Germany had formally classified 22 former and current bankers as "interested or suspected", including himself and predecessor Nicholas Moore.

This had been expected and was marked by the bank in September when it was said that the staff would likely be classified as "interested or suspected persons" in German law to be interviewed.

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Ms. Wikramanayake also said the bank was "closely monitored" by the implementation of the Hayne Royal Commission recommendations.

"Royal commissions are always valuable processes for any industry to get a rigorous review, and our view is that we are open to learning and changing from what comes out," she said.

Macqaurie's market presentation highlighted the potential of industries, including renewable energy, real estate, conventional industry and infrastructure in various markets around the world.

Ms. Wikramanayake said the idea behind its diverse range of businesses spanning areas, including fund management, investment banking and lending, was that earnings would be less volatile.

Shares in Macquarie Group, which has risen by 23 per cent. In the last year, as it had a high demand for investments in infrastructure and renewable energy, 2.15 per cent increased. For $ 124.60.

Clancy Yeates is a business rep.

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