May 8 (Reuters) - Australia and New Zealand Banking Group (ANZ) ANZ.AX flagged on Tuesday the likelihood of an additional buy-back of shares to the tune of A$1 billion-1.5 billion ($751.20 million-$1.13 billion), over and above an ongoing programme.
ANZ also said in a statement it finalised reinsurance arrangements with Zurich Insurance Group ZURN.S - to which ANZ sold its insurance arm - and has received about A$1 billion as proceeds.
That would result in an increase of about 25 basis points in its APRA Common Equity Tier 1 capital, ANZ added.
($1 = 1.3312 Australian dollars)