Original article by Joyce Moullakis
The Australian – Page: 17 : 28-Oct-20
The ANZ Bank has advised that its financial results for the second half of 2019-20 will be marred by an after-tax charge of $528m. This includes a $188m charge associated with its customer remediation program and a $138m hit with regard to its software amortisation policy. ANZ will release its full-year results on 29 October. Westpac and National Australia Bank also recently indicated that their upcoming full-year results will include writedowns and impairment charges in the second half.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB