Australian Bank ANZ’s Second-Half Profit to Take A$1.11B Hit

SYDNEY—ANZ ANZ -0.60%decrease; red down pointing triangle will take a US$728 million hit from restructuring charges, impairments and other one-off costs when the Australian bank reports its first earnings results since appointing a new chief executive.

Australia’s fourth-largest bank by market capitalization on Friday said that accounts for a six-month period through September and will include a posttax charge of 1.11 billion Australian dollars. The charge will show against statutory profit as well as cash profit, a performance measure closely watched by analysts. Combined with a goodwill adjustment related to ANZ’s recent Suncorp Bank acquisition, the charge will reduce the bank’s CET1 capital ratio by 19 basis points.