Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter
ANZ extends presence overseas

ANZ extends presence overseas

ANZ has announced a milestone in its regional strategy with the approval of a full banking licence by Thailand’s finance ministry.

ANZ Thai launched this week to support the bank’s growing trade and investment flows to and from the south-east Asian hotspot.

The new branch will operate from Bangkok’s financial district and is an addition to ANZ’s already established Asia network that includes hubs in Vietnam, Cambodia, Myanmar and Laos.

Advertisement
Advertisement

“This is an important milestone for our super regional strategy and means we can now better connect our multi-national customers to the growing trade and investment flows across Asia with the Greater Mekong,” ANZ chief executive of international and institutional banking, Andrew Géczy, said.

“Thailand already accounts for almost 65 per cent of Greater Mekong’s GDP and its trade with ASEAN countries totals around $US97 billion.

“Along with Thailand’s position as a key manufacturing hub for the region, these growing connections to its ASEAN neighbours and our home markets of Australia and New Zealand makes it an important market for our super regional franchise.”

Former ANZ Philippines CEO Panadda Manoleehakul will front ANZ Thai as its CEO, bringing over 25 years’ worth of corporate and institutional banking experience to the role.

“Panadda built a strong, growing franchise for ANZ in the Philippines and has been instrumental in the process to gain our banking licence in Thailand,” Mr Géczy said.

“I’m pleased ANZ will continue to benefit from her experience and leadership as she continues to drive our expansion into Thailand."

ANZ extends presence overseas
mortgagebusiness

 

Latest News

According to the CEO of a non-major bank, rate cuts and softer lending guidance will not be enough to spark a rebound in home lending growth...

Short-termism, complacency and a lack of accountability are among the issues that have led to ANZ Bank failing its customers, chair David Go...

The supply of new homes is expected to reach its low point soon if economic activity improves, dwelling prices stabilise, and credit tighten...

FROM THE WEB
podcast

LATEST PODCAST: Acquisitions and evolution

Do you think the mortgage market will see more consolidation this year?

Website Notifications

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