ANZ to expand own brand in Vietnam

ANZ will sell its 9.6 per cent stake in Sacombank to another Vietnamese lender, Eximbank.

Instead, ANZ will focus on expanding it own operations within Vietnam, according to ANZ chief executive of Asia Pacific, Europe and America Alex Thursby.

"Recently, we have also extended our ANZ ATM network, opened a 24-hour, seven day a week call centre and launched internet banking for our Vietnamese customers," he said.

"With our ten outlets, this means we now offer a full range of services covering personal banking, small-to-medium sized business as well as corporate and institutional banking in Vietnam."

Mr Thursby said ANZ's partnership with Sacombank has been a useful one for six years but ANZ's presence in Vietnam is now more prominent.

"Our ANZ business in Vietnam is now significantly larger following local incorporation in 2008 and the purchase of the Royal Bank of Scotland's institutional business in Vietnam in 2009," he said.

ANZ said the sale to Eximbank is expected to be completed in early January.

For the source of this story, click here.

Also Read

Cambodia enables QR payments from foreign e-wallets through Alipay+

Hong Kong to rename ‘virtual banks’ to ‘digital banks’

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit