AmBank, ANZ ink pact to boost regional banking biz

KUALA LUMPUR (Jan 17): AMMB HOLDINGS BHD [] and Australia and New Zealand Banking Group Ltd (ANZ) have sealed
a business principles agreement to leverage on their banking businesses across 27 countries.
In a joint statement issued on Tuesday, AmBank group and ANZ would access each other’s available resources to collaborate
in areas of businesses which include Islamic banking, transaction banking and wealth management.
“The banks will also work together on capital markets, project finance and international trade transactions,” they said.
Group managing director, AmBank Group Cheah Tek Kuang described the agreement as a big step ahead in AmBank
Group’s collaboration with ANZ “as we continue to leverage the synergies of a regional distribution platform and respective
areas of expertise”.
ANZ CEO South & Southeast Asia Mark Robinson said the collaboration would see AmBank group complementing ANZ’s
offerings across its network.