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

Published Tue, Jun 2, 2020 · 01:36 AM

[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

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

China targets offshore billions in biggest crackdown in decades

Beyond structural portfolio shifts, the study highlighted paradoxes regarding intergenerational wealth planning and succession.

Nearly half of Apac’s wealthy expect market crash or correction, plan to rotate to cash: study

Latest T-bills Treasury Bills Results & Interest News Latest SSB Singapore Savings Bonds News Latest COE Certificate of Entitlement News

Latest Johor-Singapore SEZ News Latest BTO Build To Order & Sales of Balance News Latest STI Straits Times Index News Latest SGX Dividends, Share Price News Latest Bonds Market News Latest Singapore Stocks To Buy News Latest Singapore Economy News