ANZ has reported a full year profit of $7.5 billion, up 3 per cent on the previous year.
Along with a ANZ Group's $7.5 billion profit, the global wealth division saw its profit increase by 11 per cent for the year to 30 September 2015.
"Positive performance was experienced across all business units," a statement from ANZ said.
"Insurance delivered growth in in-force premiums along with stable claims and lapse experience, which contributed to an 18 per cent increase in both embedded value and in the value of new business.
"Private Wealth continued to deliver growth through customer-focused investment solutions – with FUM increasing 22 per cent and customer deposits 33 per cent [year-on-year]," it said.
Commenting on the full financial results, ANZ chief executive Mike Smith said the bank had produced another "record result" in what has been a "constrained environment".
"We are continuing to evolve our strategy and accelerate its execution to maximise value for our customers and for our shareholders," Mr Smith said.
"There are significant opportunities for ANZ; however, lower economic growth, intense competition, the growing cost of regulation and market volatility present headwinds for all banks.
"In Australia we are successfully investing in growth opportunities in New South Wales while across Australia and New Zealand we are continuing to grow market share in mortgages and small business," he said.
ANZ said that over the year, the bank has focused on enhancing digital platforms and increasing its distribution sales capacity and capability.
This is especially the case for NSW, which ANZ says has historically been underweight.
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