Jul 24, 2019
August 19, 2019
ANZ completes sale of ANZ Royal stake
ANZ today announced it has completed the sale of its 55% stake in Cambodian joint-venture ANZ Royal Bank to J Trust.
The previously announced sale is in line with ANZ’s strategy to simplify its business and operate wholly-owned Institutional businesses in the region.
J Trust is a Japanese diversified financial holding company listed on the Tokyo Stock Exchange with operations in five countries including banking operations in South Korea and Indonesia.
ANZ’s Institutional Bank has a presence in 14 different markets in Asia and was ranked No. 1 for overall quality in relationships in Asia by Greenwich Associates in 2019.