ANZ Group Holdings (OTCPK:ANZGY) (OTCPK:ANZGF) reported a weaker-than-expected annual profit as Chief Executive Nuno Matos pledged to accelerate efforts to streamline the bank and boost returns.

The lender’s cash profit fell 14% to A$5.79 billion ($3.8 billion) for the year ended Sept. 30, missing analysts’ estimates