(15 June 2010 – Asia) Australia and New Zealand Banking Group has completed the final stage of purchasing selected Royal Bank of Scotland’s retail, commercial and private banking businesses.ANZ, who previously acquired RBS businesses in the Philippines, Vietnam, Hong Kong, Taiwan and Singapore, has now added Indonesia to its long list of acquisitions as the bank strives to reach its super regional strategy.
Across the six markets, ANZ has added 49 branches, 1.6 million customers and US$6.5 billion (A$7.5 billion) in customer deposits as a result of the acquisition, the bank said in a statement.
ANZ’s chief executive Asia Pacific, Europe and America said that the bank now has more than 900,000 customers in Indonesia, and will continue to invest and support customers in this key market for ANZ.
ANZ now has 28 branches in 11 Indonesian cities.
Media reports claimed ANZ was interested in buying out a majority partner in Indonesia’s Panin Bank.