Almost near to the analysts forecast, Australia and New Zealand Banking Group have recently reported about their underlying quarterly profit amid shaky global markets. Along with highlighting their profits, the banking groups have also raised issues regarding its future growth which basically depends upon its exposure to Asia and the resources sector.

According to the reports, Australia's fourth-largest lender has confirmed the decreasing income figures as compared to the average figures of its first half. The banking group said that their lower trading incomes have resulted in to a 14% fall in their global market incomes in this third period, which has further underscored the challenges that the bank has to face in its Asian expansion.

On the other hand, ANZ, which primarily focuses on same issues than the Australian resources sector, showcased its confidence to ride any turbulence in the global economy with an ease due to its strong balance sheet.

"Despite the market turmoil which has continued in July and August, there is good reason for optimism in our key domestic markets", said Chief Executive Michael Smith, with a strong hope to carve out a strong position in Asia similar as what was achieved by his former employer HSBC.