Feb 25, 2021
March 1, 2021
Update on AMMB Holdings
- The impact on ANZ’s CET1 capital position will be neutral given its investments in associates are already a full deduction to capital.
- The financial impact on ANZ (A$212m) will be recorded as part of the equity accounted earnings from AmBank at 1H21.
- This will reduce the carrying value of ANZ’s interest in AmBank from ~$1.050bn to ~$850m.
 ANZ acquired its original stake in AMMB Holdings Berhad in May 2007 and currently holds a 24% ownership interest.
 The $212m is not impacted by taxation