ANZ Bank's first-half results to be hit with A$817m of one-offs

Staff reporters
Fri, 30 Apr 2021

Australia-based ANZ Bank said its first-half results due out next Wednesday will be hit by A$817 million in losses and that will shave about five basis points off its common equity.The bank, which owns the ANZ Bank New Zealand business, said in addition to A$260m already announced, the result will be hit by A$135m after tax of equity accounted losses from AMMB Holding Berhad and by A$251m from writing down the goodwill of its ANZ share investing business as a result of it being reclassified as held for sale.The result will also be hit by A$108m...

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