Big banks’ combined annual profits to reach almost $19 billion

All eyes are on Australia's major banks this week as combined annual profits are expected to reach almost $19 billion. ANZ's annual profit report is expected to be released on Thursday, while Westpac and National Australia Bank will hand down their results next week. ANZ's profits are expected to be $6.54 billion, while Westpac and NAB's results are pegged to be about 15 per cent and nine per cent lower respectively.

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