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ANZ to Focus on Institution Banking

ANZ would strengthen its focus on institutional banking in Asia after it agreed to sell its Retail & Wealth business in Singapore, Hong Kong, China, Taiwan and Indonesia to DBS. The Retail and Wealth business being sold includes roughly $11 billion in gross lending assets, $7 billion in credit risk weighted assets and $17 billion in deposits

ANZ is ranked top four corporate bank with a presence in 15 Asian countries and $43 billion in gross lending assets.

News Source: ANZ Press Release

 

About ANZ

ANZ Private Bank
ANZ Private Bank

The Australia and New Zealand Banking Group Limited (ASX:ANZ) first opened as the Bank of Australasia in Sydney in 1835 and in Melbourne from 1838. Its history involves many different bank prior to the merger of the Bank of Australia with the Union Bank of Australia Limited on 1 October 1951. Today, it provides a range of banking and financial products and services to over 9 million customers in 34 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe, and America.

  • Origin : Melbourne, Australia
  • Assets : $ 889.90 billion
  • Revenue : $ 36.98 billion
  • Employees : 50,152

Official Website: www.anz.com

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News & Media: Press Release

Updated on 8th August 2016

 



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