ANZ Group Holdings (AU:ANZ) has released an update.
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ANZ Group Holdings announced a $196 million net after-tax charge impacting its second-half 2024 results due to accounting adjustments following the acquisition of Suncorp Bank. This adjustment, which includes an accelerated software amortization and a credit impairment charge, will slightly reduce ANZ’s Common Equity Tier 1 Capital. Despite the impact on profits, the adjustments do not alter the assessed value or purchase price of Suncorp Bank.
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