ANZ posts record $7.22 billion profit

ANZ has lifted its cash profit to a record $7.22 billion, up 1.0 per cent on last year's $7.12 billion, while net profit has risen 3.00 per cent.

ANZ is expected to report a record annual profit of nearly $7.3 billion. (AAP)

ANZ has lifted its cash profit to a record $7.22 billion, in line with analyst expectations.

Cash profit for the 12 months to September 30 was up 1.0 per cent on last year's $7.12 billion, with net profit increasing 3.0 per cent to $7.49 billion.

"In a constrained environment, we have continued to see growth in our core customer franchises in Australia, in New Zealand and in key Asian markets, partly offset by the effect of macro-economic headwinds on the International and Institutional Banking Division," chief executive Mike Smith said.

The final dividend was flat at 95 cents fully franked.