ANZ has informed the Australian Government that it has updated its financial data to show that loans to investors are 37 % , higher than previously reported . They say this is just cosmetic and a way of conveying to the public and shareholders that the bank takes classifications seriously .
ANZ has informed the Australian regulators that it has reclassified its mortgage data to show that loans to investors are 37%, higher than previously reported. Analysts believe this is just cosmetic and a way of conveying to the regulators and shareholders that the bank takes classifications seriously.