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ANZ cuts back on trade finance in Asia

Friday, October 30, 2015 - 05:50
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Australia & New Zealand Banking Group Ltd (ANZ) has begun reducing its trade finance business in Asia to protect margins and bolster returns after the lender reported its slowest profit growth since 2008.

Sydney

AUSTRALIA & New Zealand Banking Group Ltd (ANZ) has begun reducing its trade finance business in Asia to protect margins and bolster returns after the lender reported its slowest profit growth since 2008.

Net loans at its international and institutional banking