Source: ANZ statements
Capital impact
Australia and New Zealand Banking Group Limited’s (ANZBGL) reported Level 1 and Level 2 Common Equity Tier 1 capital (CET1) ratios as at 31 March 2024 were 13.4% and 13.5% respectively. After taking into account the impact of the Suncorp acquisition and the buy-back, ANZBGL’s pro forma Level 1 and Level 2 CET1 capital ratios as at 31 March 2024 would be 12.2% and 11.8% respectively.
The on-market share buy-back is expected to reduce ANZ’s Level 1 and Level 2 March 2024 CETI ratios by approximately 54 and 46 basis points respectively.[1]
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