English is not ANZ chief executive Nuno Matos’ first language. But that makes every word he utters deliberate and considered.His message last week at Morgan Stanley’s investment gathering was that Australia’s banking system actually wasn’t all that profitable relative to other markets. Investors, however, valued stability and were therefore prepared to provide it with capital at low rates.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles