ANZ finalises sale of PNG Retail, Commercial and SME businesses to Kina Bank

  • Home
  • Company News
  • ANZ finalises sale of PNG Retail, Commercial and SME businesses to Kina Bank
23Sep

ANZ finalises sale of PNG Retail, Commercial and SME businesses to Kina Bank

 

ANZ (ASX:ANZ) has today announced the completion of the sale of its retail, commercial and small-medium sized enterprise businesses in Papua New Guinea to Kina Bank.

The ASX-listed Kina Group, which owns Kina Bank, will become PNG's second largest retail bank on the back of the acquisition.

ANZ announced the sale of a business that includes 15 branches in June 2018.

ANZ says it will now focus solely on its institutional and large corporate banking business in country.

Shares in ANZ (ASX:ANZ) closed 0.29 per cent higher at $27.91 on Friday.
 
Copyright 2019 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

15Nov

Stocks of the Hour: Incitec Pivot, Woodside Petroleum & Mesoblast

15 Nov 2021 - A snapshot of the stocks on the move, featuring Incitec Pivot (ASX:IPL), Woodside Petroleum (ASX:WPL) & Mesoblast (ASX:MSB).

Read More
23Oct

Stocks of the Hour: Immutep, Chimeric Therapeutics, Sayona Mining

23 Oct 2023 - A snapshot of the stocks on the move, featuring Immutep (ASX:IMM; NASDAQ:IMMP), Chimeric Therapeutics (ASX:CHM) and Sayona Mining (ASX:SYA; OTCQB:SYAXF).

Read More
23Mar

Stocks of the Hour: 88 Energy, Kuniko, Argonaut Resources

23 Mar 2023 - A snapshot of the stocks on the move featuring 88 Energy (ASX:88E), Kuniko (ASX:KNI) and Argonaut Resources (ASX:ARE).

Read More
11May

Stocks of the Hour: Crown, The Star, Woolworths & Pointsbet

10 May 2021 - A snapshot of stocks making headlines for the hour featuring Crown Resorts (ASX:CWN), Woolworths (ASX:WOW) & PointsBet Holdings (ASX:PBH).

Read More
30Sep

Recce Pharmaceuticals (ASX:RCE) in an agreement with Murdoch Childrens Institute

30 Sep 2020 - Recce Pharmaceuticals (ASX:RCE) has entered into an agreement with the Murdoch Children’s Research Institute to conduct pre-clinical studies assessing the potential of RECCE 435 (R435) for the treatment of Helicobacter pylori infections.

Read More
25May

Could India’s export tax on iron ore pellets bode well for miners like Grange Resources (ASX:GRR)?

25 May 2022 - Three iron ore companies that have hit 52-week highs. A deep dive on the backdrop and why this could be the case, featuring TerraCom (ASX:TER), Stanmore Resources (ASX:SMR), and Grange Resources (ASX:GRR).

Read More
25Sep

Vista (ASX:VGL) purchases remaining 50% of Maccas

25 Sep 2020 - Vista Group (ASX:VGL) has purchased the remaining 50 per cent of Maccs International B.V for a net payment of €1.1 million.

Read More
22Jan

Z Energy (ASX:ZEL) show industry volumes for fuel are down

22 Jan 2020 - Z Energy (ASX:ZEL) released their market update showing industry volumes for fuel were down.

Read More
16Nov

Elders (ASX:ELD) report statutory profit after tax of $122.9 million

16 Nov 2020 - Australian agribusiness Elders (ASX:ELD) today released its results for the 12 months to September 2020, reporting statutory profit after tax of $122.9 million.

Read More
26Apr

Airlie FM April 2023 Quarterly Update

26 Apr 2023 - Emma Fisher, Portfolio Manager, provides her views on the current market environment and discusses her recent trip to Europe where she visited the Headquarters of CSL and QBE Insurance, which are two holdings in the Airlie Australian Share Fund.

Read More