, Australia

ANZ expands Asian perspective

The lender eyes Japan expansion apart from South Korea, China, Southeast Asia and India.

ANZ Banking Group Ltd says its failed bid for Korea Exchange Bank has broadened its outlook on the potential for expansion in northern Asia, according to The Weekend Australian.

"Because Japan and Korea are more developed economies, you don't think about their potential so much and you tend to get obsessed by the opportunities in greater China, greater Mekong (mainly Vietnam), Southeast Asia and India," ANZ chief executive Mr Smith told the paper.

"Quite interestingly, KEB has reopened my eyes to the possibilities in northern Asia."

But the bank, which aims to draw around 20 per cent of its 2011 profit from Asian operations, is also eying further expansion in Japan, according to the paper.

View the full story in Business Spectator.

Follow the link for more news on

Join Asian Banking & Finance community
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!

Top News

What is Lorem Ipsum?
What is Lorem Ipsum? Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

Sed molestie interdum dui sit amet egestas
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.
CIMB Niaga leads the way in captivating Indonesia’s youth
The bank’s digital solutions are winning over younger generations with 3.2M mobile users and 96% digital transaction rate in 2023.