Australia’s ANZ Group said its second-half profit will be reduced by around A$1.11 billion (US$721 million) after tax, as the bank absorbs a series of one-off costs related to restructuring, regulatory settlements, and other adjustments.
The lender said the charges will be booked in its second-half results, due later this year, and reflect efforts to streamline operations and resolve outstanding compliance issues. While the provisions will weigh on headline profit, ANZ noted that they are non-recurring and do not affect the group’s capital position or dividend guidance.
The announcement comes as major Australian banks continue to manage rising regulatory scrutiny and structural change within the sector. Investors will look to ANZ’s full results for details on cost discipline and the potential earnings rebound in the 2026 fiscal year.
