In the latest three-month period, profit was A$2.07 billion, from A$1.86 billion, the banking group, which provides services including private banking, said in a statement.

“ANZ’s customer franchises in Australia, New Zealand and Asia-Pacific are continuing to put in good performances. The third quarter operating environment has remained similar to that of the first half. Economies in our key markets have slowed a little compared to previous years and global conditions remain challenging,” Mike Smith, chief executive of the group, said.

“Performance in our global wealth division remains positive,” Smith said, but did not elaborate.

The bank has announced a fully underwritten institutional share placement to raise A$2.5 billion ($1.83 billion), followed by an offer to ANZ’s eligible shareholders to buy a share purchase plan to raise around A$500 million. Earlier this week, the bank announced applications for the retail investor purchase plan. The capital-raising will enable the bank to more quickly and efficiently meet added requirements recently announced by the Australian Prudential Regulation Authority (APRA), in particular the increase in average credit risk weights for major bank Australian mortgage portfolios to 25 per cent, taking effect from 1 July 2016.

“The recent capital raising has allowed ANZ to deal with known regulatory change, such as the higher capital adequacy requirements for Australian mortgages and positions ANZ’s capital ratios within the top quartile of international peers,” Smith said.