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Companies & Markets

ANZ to sell NZ asset finance unit to Shinsei Bank for NZ$762m

Published Tue, Jun 2, 2020 · 01:36 AM
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[BENGALURU] Australia and New Zealand Banking Group on Tuesday agreed to sell its New Zealand based asset finance unit for NZ$762 million (S$673.8 million) to Japanese financial institution Shinsei Bank.

The sale provides about A$439 million (S$419.3 million) of Level 2 Group CET1 capital, the lender said in a statement.

REUTERS

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