subscribe to our newsletter

ANZ sells stake in Royal Bank

The major bank has announced that it has completed the sale of its stake in ANZ Royal Bank to a Japanese trust. 

ANZ Bank has sold its 55 per cent stake in the Cambodian joint venture with the Royal Group, ANZ Royal Bank, to J Trust, a Tokyo Stock Exchange-listed diversified financial holding company operating in five countries, including South Korea and Indonesia. 

The big four bank had said in May that the sale was “in line with [the] ANZ Group’s ongoing strategic review of international partnerships, in order to simplify the business and operate wholly owned institutional businesses in the region”.

It was also previously announced that the proceeds of the sale (inclusive of transaction costs, taxes and the release of accumulated foreign currency translation reserves) equate to around $30 million loss for ANZ.

As a result of the sale, ANZ no longer has an operational presence in Cambodia.



ANZ has also sold its stakes in Metrobank Card Corp in the Philippines and Shanghai Rural Commercial Bank in China, as well as its Australian life insurance and superannuation businesses.

Despite all the divestments, Farhan Faruqui, ANZ’s group executive, international, previously commented: “We remain committed to our institutional presence in Asia. Our regional network is an important differentiator for ANZ and key to our ambition to be the best bank to support companies with trade and capital flows throughout the region.”

[Related: ‘It’s just too hard’: ANZ CEO laments credit scrutiny]

ANZ sells stake in Royal Bank

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!


If you have any news, ideas or enquiries for Mortgage Business - please contact This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability am...

Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Aust...

The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT.  ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.