Sydney: Australia’s fourth biggest lender, Australia and New Zealand Banking Group Ltd (ANZ), which on Tuesday agreed to buy Asian assets from Royal Bank of Scotland Group Plc. (RBS), is prepared to take on the likes of Citigroup Inc. and HSBC Holdings Plc as it expands in the region.
ANZ is going to be a regional player, chief executive officer Michael Smith said in a Bloomberg television interview. “I don’t want to take on HSBC or a Citigroup in Latin America or in the states (US) or in Europe, but if it’s in our backyard, in this region, then yes, we’ll take them on.”
ANZ Bank will pay $550 million for the RBS businesses in Singapore, Taiwan, Indonesia, Hong Kong, the Philippines and Vietnam, the Melbourne-based bank said in a statement to the stock exchange.
ANZ is going to be a regional player, chief executive officer Michael Smith said in a Bloomberg television interview. “I don’t want to take on HSBC or a Citigroup in Latin America or in the states (US) or in Europe, but if it’s in our backyard, in this region, then yes, we’ll take them on.”
ANZ Bank will pay $550 million for the RBS businesses in Singapore, Taiwan, Indonesia, Hong Kong, the Philippines and Vietnam, the Melbourne-based bank said in a statement to the stock exchange.
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