The drawn out transition of ANZ's own-brand banking business on to the technology platform of the National Bank brand in New Zealand will be completed at the end of next month, meaning it's time for the bank to work out the accounting treatment of the project.
ANZ said yesterday that "certain costs" associated with the New Zealand IT project "will involve a non-core adjustment as part of ANZís 2012 full year results."
Interest.co.nz reported earlier this month that ANZ estimated the cost of the project as being at least NZ$221 million.
ANZ resolved in late 2010 to use...
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