ANZ acquisition of RBS divisions adds $6.5bn deposits

ANZ, Australia’s third largest bank by assets,
has completed its acquisition of Royal Bank of Scotland’s (RBS)
retail and commercial businesses in Asia-Pacific, adding 1.6
million new customers, $6.5bn of customer deposits and 49 branches
to its portfolio. 

The bank’s acquisition of Indonesia, the sixth
and final market, comes after its take-over of RBS’s divisions in
the Philippines, Vietnam, Hong Kong, Taiwan and Singapore in an
effort to boost its presence in the region. 

Alex Thursby, the bank’s Europe and America
chief executive, said the bank will now focus on deepening ANZ’s
relationship with former RBS customers.

ANZ has re-branded the 18 RBS branches and 29
ATMs in Indonesia, with former customers able to continue accessing
branches.

The bank obtained in-principle approval for an
international banking licence in India (see
RBI 628) in March, paving the way for the bank to
re-enter the country for the first time since it sold Grindlays
Bank in 2000.

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