Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets

ANZ Capital Update: Suncorp Acquisition Impact

Aug 09, 2024

ANZ (NZX: ANZ) has provided an update on its capital position, highlighting the effects of its Suncorp acquisition and recent model adjustments. Approved changes in mortgage risk weights by APRA and RBNZ are expected to reduce ANZ's Risk Weighted Assets by NZ$22 billion, adding around 30 basis points (bps) to its Common Equity Tier 1 (CET1) by September 2024. However, the Suncorp acquisition will decrease CET1 by 105 bps, though this is an 18 bps improvement from earlier estimates. ANZ will host a briefing to discuss these updates further with investors and analysts.

 

 

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com