ANZ Group Holdings (AU:ANZ) has released an update.
ANZ Group Holdings has announced an enhancement in its capital position due to approved model reviews of mortgage risk weights and the application of APRA’s amended capital framework, which together will increase the Common Equity Tier 1 (CET1) ratio by approximately 30 basis points by September 2024. Additionally, the acquisition of Suncorp Bank is now expected to have a lesser negative impact on ANZ’s CET1 than previously estimated, improving by around 18 basis points from the initial projection. The company plans to provide further details in an upcoming analyst and investor briefing.
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