ANZ keen to exit Cambodia bank stake

25 March 2014
The Business Times
Banking and financial services / Economic policy and administration / Economy and commerce / Investment
ANZ / ANZ Royal Bank / Australia and New Zealand Banking Group Ltd / Chinese aid / Hong Kong / Malaysian aid / Mike Smith / Royal Group

Australia and New Zealand Banking Group Ltd, the country’s third-biggest lender, is keen to exit its holding in Cambodia and will look at wholly owned business models wherever regulations allow. “We got out of a relationship, a small relationship, in Vietnam. We would like to do the same in Cambodia. I’d much rather have a wholly owned business in these places,” ANZ CEO Mike Smith said at a press conference in Hong Kong on Monday. …

 The Business Times News Staff
http://www.businesstimes.com.sg/breaking-news/asia/anz-keen-exit-cambodia-bank-stake-20140325