ANZ has reported that its domestic profit for the first half of the year remained stagnant, with caution expressed regarding the ongoing conflict in Iran. The bank's revenue, while showing a modest rise of 5% to $2.67 billion, fell short of expectations, and it has indicated potential for increased losses stemming from bad loans. Antonia Watson, the Chief Executive of ANZ New Zealand, has highlighted concerns about a possible slowdown in the latter half of the year due to geopolitical challenges. The bank's after-tax profit has decreased by 1%, settling at $1.26 billion. Watson stated that although optimism was building over the past six months, the outbreak of war in the Middle East has altered the outlook significantly. ANZ is now bracing for a potential uptick in loan defaults, reflecting the uncertain economic climate influenced by international events.