Overview

• ANZ will cancel the remaining A$800 million of its 2024 buyback to preserve cash under its ANZ 2030 reset.
• About 3,500 roles will be cut, triggering a one-off restructuring charge of A$560 million.
• ANZ accepted A$240 million in penalties after admitting systemic failures, including unconscionable conduct in a government bond deal.
• The bank targets A$800 million in additional gross cost savings from role reductions, team restructuring and exiting non-core businesses such as Cashrewards.
• A 1.5% discount will apply to the next two dividend reinvestment plans, with the final dividend expected to match the half-year payout as shares show strong gains since Matos took over.