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

23SepSeptember 23, 2019

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

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/264036/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines02_360_190923.jpg’]

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

11JanJanuary 11, 2021

AFT Pharmaceuticals (ASX:AFP) confirms their hand sanitiser works against Coronavirus

11 Jan 2021 - AFT Pharmaceuticals (ASX:AFP) report that independent laboratories have found that its new Crystawash Extend Hand Sanitiser meets the accepted standard for killing Coronavirus.

21AugAugust 21, 2020

a2 Milk (ASX:A2M) lobs NZ$270M offer for NZ facility

21 Aug 2020 - The a2 Milk Company is engaged in exclusive discussions with nutrition dairy business, Mataura Valley Milk with a view to participating in manufacturing at the facility in Southland, New Zealand.

30SepSeptember 30, 2019

ResApp (ASX:RAP) flags positive results from prospective at-home sleep apnoea study

30 Sep 2019 - ResApp (ASX:RAP) has flagged top-line results from its prospective, blinded at-home obstructive sleep apnoea study.

30OctOctober 30, 2023

Stocks of the Hour: Tamboran Resources, TG Metals, Tietto Minerals

30 Oct 2023 - A snapshot of the stocks on the move, featuring Tamboran Resources (ASX:TBN), TG Metals (ASX:TG6) and Tietto Minerals (ASX:TIE).

26AprApril 26, 2023

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.