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MQG) on track for other record profits



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"So today, mortgage brokers provide value to our customers with the fact that they are mainly used by customers," said Wikramanayake.

"We think they offer competition and offer services. [we] Try to continue [this].

"We may have to change the way they are compensated, and we do not know how to change our relationship with our customers, but the services they offer are going to be valuable to our customers and ultimately must be maintained."

Wikramanayake has released its opinion after an operational briefing and reaffirmed its guidance for improving profits by up to 15 percent over last year's $ 2.56 billion. This suggests that the company could achieve a maximum profit of $ 2.94 billion in the current fiscal year. , Ending in March.

The bank also updated the market with tax fraud scandals, including a German investigation of regulatory issues. Wikramanayake said the German authorities had officially classified 22 former and incumbent bank employees as "interested", including himself and former Nicholas Moore.

This is anticipated and in September the bank has indicated that it is likely to be classified as an "interested or suspect" under German law as the subject of the interview.

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Wikramanayake also said the bank "closely monitors" the implementation of the Hayne throne's recommendations.

"Royal commissions are always a valuable process in all industries, must undergo rigorous review, and we have a position that we can learn and learn whatever it is."

Macquarie's market presentation highlighted opportunities in industries such as renewable energy, real estate, conventional industries and infrastructure in a variety of markets around the world.

Wikramanayake said that ideas in diverse business sectors, such as fund management, investment banking and loans, would be less volatile.

Macquarie Group shares, which rose 23% last year, rose 2.15% to $ 124.60 due to strong demand for infrastructure and renewable energy investments.

Clancy Yeates is a business reporter.

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