ANZ’s full-year statutory profit has fallen by 10 per cent after a bruising $240m fine from the corporate watchdog for widespread misconduct.

Statutory profit as of September 30 had fallen from the previous year to $5.9bn, according to full-year results released on Monday.

Cash profit also fell by 14 per cent following settlement with ASIC as well as restructuring charges.

Chief executive Nuno Matos said results were impacted by significant items of $1.1bn, as ANZ resolved “longstanding regulatory investigations” and actions taken to simplify the business.

“While our financial performance held steady when excluding these items, our performance as a business reinforces the importance of our ANZ 2030 strategy,” he said.

Mr Matos said results showed that the bank and its affiliates were

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