October 7, 2018 / 9:41 PM / a month ago

ANZ annual cash profit to take hit on customer compensation, other factors

Oct 8 (Reuters) - Australia and New Zealand Banking Group Ltd said on Monday its annual cash profit would take a hit on account of additional charges for customer compensation and accelerated amortisation of software, among other factors.

One-off costs of A$374 million have been recognized in the second half of 2018 for refunds to customers and related remediation costs, the lender said in a statement. (Reporting by Aditya Soni in Bengaluru; Editing by Peter Cooney)

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