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ANZ exits SME business in five Asian countries, cuts 100 jobs

Move is a sign its new chief exec is reducing presence in region

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Australia and New Zealand Banking Group Ltd (ANZ) has closed its business lending to small and mid-sized enterprises (SMEs) in five Asian countries, cutting around 100 jobs, in a sign its new chief executive is slimming presence in the region.

Sydney

Australia and New Zealand Banking Group Ltd (ANZ) has closed its business lending to small and mid-sized enterprises (SMEs) in five Asian countries, cutting around 100 jobs, in a sign its new chief executive is slimming presence in the region.

ANZ has exited what it dubs its...

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