ANZ eyes Asian acquisitions

CEO Mike Smith also mulls selling stake in Chinese, Malaysian banks: report.

ANZ Banking Group (ANZ) is searching for new acquisitions in Asia to boost the proportion of its earnings from outside Australia, The Australian Financial Review reports.

According to the newspaper, chief executive officer Mike Smith said the bank is also looking to sell its 17% stake in China's Bank of Tianjin and may sell its 24% holding in AmBank Group of Malaysia.


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