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ANZ flags $163 mln impact with H1 results due to AmBank investment

Published 01/03/2021, 09:45 am
Updated 01/03/2021, 09:48 am
© Reuters.
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March 1 (Reuters) - Australia and New Zealand Banking Group ANZ.AX on Monday said that it would record a financial impact of A$212 million ($163.41 million) with its first half results due to its investment in Malaysia's AMMB Holdings Berhad (AmBank) AMMB.KL .

AmBank on Friday agreed to pay $700 million to the Malaysian government to settle claims regarding its involvement in a financial scandal at state fund 1MDB. ($1 = 1.2974 Australian dollars)

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