ANZ Opens Up Branches In Singapore
After successfully completing the acquisition of Royal Bank of Scotland’s Singaporean Retail and commercial banking business, Australian banking major ANZ has opened a further six new branches in the city state.
ANZ has undertaken an extensive rebranding of all existing branches and 19 ATM’s and says it has managed to moves its entire staff with minimal disruption.
The new operation in Singapore has 300,000 customers, spread across retail, commercial and institutional banking, and wealth management.
Singapore was one of the five countries in which ANZ acquired the commercial and retail banking operations of troubled UK banking giant RBS. ANZ also bought RBS operations in Hong Kong, Vietnam, Taiwan and the Philippines.
ANZ said it expects to complete a remaining acquisition in Indonesia in June.
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