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ANZ Completes Acquisition Of RBS Indonesia

ANZ has completed its acquisition of The Royal Bank of Scotland’s (RBS) retail, commercial and private banking businesses in Indonesia, completing the final stage of the acquisition of selected RBS businesses in six Asian countries.

ANZ has already completed the acquisitions of RBS operations in the Philippines, Vietnam, Hong Kong, Taiwan and Singapore. Across the six markets, ANZ has added 49 branches, 1.6 million customers and $6.5bn in customer deposits as a result of the acquisition.

ANZ said that it has re-branded the 18 RBS branches and 29 ATMs in Indonesia and moved customers and staff to its fold. ANZ has also opened a new branch in the South Sumatran capital of Palembang, bringing the total count of its branches to 28 in 11 Indonesian cities.

ANZ has also introduced its ANZ Signature Priority Banking which offers affluent retail customers a dedicated relationship manager and a full banking and wealth management service.

Alex Thursby, CEO for Asia Pacific, Europe and America at ANZ, said: “We have now completed the RBS acquisition in all six countries, accelerating our super regional strategy and building a strong platform for our retail, wealth and commercial businesses across the region.

“Our priority now is to deepen ANZ’s relationships with former RBS customers across the region and show customers the benefits of our extensive regional network and standing as one of the world’s safest banks.”