Australian lender ANZ Group reported a 31% rise in annual profit on Monday. The bank got a boost from better management of margins and costs alongside business growth. It posted a cash profit of A$7.59 billion for the year ended September 30, showing strong performance for Australia’s fourth-largest lender.

Nov 9 (Reuters) - Australian lender ANZ Group (ANZ.AX), opens new tab reported a 31% rise in annual profit on Monday, driven ​by management of margins, capital and costs, as ‌well as business growth.

ANZ, Australia's fourth-largest lender by market capitalisation, posted cash profit of A$7.59 billion ($5.21 billion) for the year ended ​September 30, in line with a Visible Alpha consensus ​of A$7.55 billion and above last year's A$5.79 ⁠billion.

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($1 = 1.4571 Australian dollars)

Reporting by Sneha Kumar and Sherin ​Sunny in Bengaluru; Editing by Chris Reese and Edmund Klamann