Oct 27 (Reuters) - Australia and New Zealand Banking Group ANZ.AX said on Tuesday it expects to take an after tax hit of A$528 million ($376.41 million) to its cash profit in the second half, primarily due to remediation costs.
Australia's fourth-largest bank said these items would have a 5 basis point impact on its common equity tier-one capital ratio.
($1 = 1.4027 Australian dollars)
(Reporting by Shriya Ramakrishnan in Bengaluru)
((Shriya.Ramakrishnan@thomsonreuters.com; +91 8061822842 ;))
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