ANZ's Aussie dollar boost

The gradual push into the Asian region is starting to pay dividends for ANZ.

It was once assumed as a given that Mike Smith would instantly transform ANZ into a “super regional” with an eye-poppingly expensive mega purchase.

Now six years into the job, Smith instead has set the bank on a course to source up to a third of earnings from the Asian region by 2017 by gradually extending its tentacles throughout the region.

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