Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Australia and New Zealand Banking Group    ANZ   AU000000ANZ3

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Australia and New Zealand Banking Group : ANZ continues expansion in China with new branch in Hangzhou

share with twitter share with LinkedIn share with facebook
share via e-mail
0
01/18/2013 | 07:35am CET
Media Release

For Release: 18 January 2013

ANZ continues expansion in China with new branch in Hangzhou

ANZ today announced a further milestone in its expansion in China with the establishment
of a new branch in Hangzhou, the capital and the largest city of Zhejiang Province in Eastern
China.
Speaking at the official ceremony, ANZ Chief Executive Officer Mike Smith said: "As one of China's most vibrant and prosperous cities, Hangzhou is an important contributor to economic growth and development of the Yangtze River Delta which is a strategic market for ANZ in China.
"With a large number of private business and Asian companies established in Zhejiang Province and its increasing connectivity with Australia and New Zealand, it makes sense for ANZ to expand here to support the growing trade, investment and people flows across the region," Mr Smith said.
ANZ Hangzhou branch will cover the entire Zhejiang Province and offer a full range of products and services including trade and supply chain, cash management, markets and relationship banking services for corporate customers as well as deposits, mortgages, wealth management and migrant banking services for individual customers. The new branch is located in the downtown business area at Euro America Center, 26 Jiao Gong Road, Xihu District.
As a key city of the Yangtze River Delta, Hangzhou is known for its private business and personal wealth. The city hosts a large manufacturing base and information technology industry and serves as the trade and logistics hub for China's East Coast. The economy in Hangzhou has rapidly developed with double-digit annual GDP growth rate over the past two decades.
ANZ has had a presence in China since 1986 and is the only Australian bank to be locally incorporated in China. ANZ now has branches in Shanghai, Beijing, Guangzhou, Chongqing and Hangzhou, a 100% ANZ-owned rural bank in Liangping County, the Chongqing Liangping ANZ Rural Bank Co Ltd., an operations hub in Chengdu and strategic partnerships with Shanghai Rural Commercial Bank and Bank of Tianjin.
For media enquiries contact:
Stephen Ries
Senior Manager Media Relations ANZ
Tel: +61 3 8654 3659 or +61 409 655 551
Email: Stephen.Ries@anz.com
Lucy Wong
Head of Strategy, Marketing & Corporate
Communications, China
Tel: +86-21-6169-6007
Email: Lucy.Wong@anz.com

Australia and New Zealand Banking Group Limited ABN 11 005 357 522

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AUSTRALIA AND NEW ZEALAND
02/21 South Africa grants Barclays Africa immunity in FX rigging probe
02/21 AUSTRALIA AND NEW ZEALAND BANKING : ANZ updates wholesale domestic debt programm..
02/20 AUSTRALIA AND NEW ZEALAND BANKING : ANZ Appoints Jennifer Kusuma as Senior Asia ..
02/20 AUSTRALIA AND NEW ZEALAND BANKING : Becoming a substantial holder
02/18 AUSTRALIA AND NEW ZEALAND BANKING : Anz Reduces Credit Card Rates To Lowest Sinc..
02/18 AUSTRALIA AND NEW ZEALAND BANKING : Notice Corporations Act Subsection 259C(2)
02/16DJAUSTRALIA AND NEW ZEALAND BANKING : ANZ 1Q Profit Steady, Signals Strong Capital..
02/16 TRANSCRIPT : Trading Update – BlueNotes interview with ANZ CEO Shayne Elli..
02/15 AUSTRALIA AND NEW ZEALAND BANKING : Dollar holds steady The New Zealand dollar w..
02/13 AUSTRALIA AND NEW ZEALAND BANKING : ANZ Appoints Lynwen Connick, Mike Rider to N..
More news
Sector news : Commercial Banks
10:20p Sweden drops plans for bank tax, proposes higher resolution fund fee
10:14p Italian financial mega-deal off as Intesa ditches Generali plan
07:48p CUMULUS MEDIA : refinancing plan rejected by U.S. judge
06:21p FTSE posts first weekly loss in a month on weak banks and miners
04:43pDJWARREN BUFFETT'S $5 BILLION BANK OF : Thank You, President Trump
More sector news : Commercial Banks
News from SeekingAlpha
02/12 The Big Aussie Short And Why Caution Is A Great Strategy
01/18 The Banks Bull Market Has Created Many Short Opportunities In Asia
2016 A Look At ANZ Banking Group And Its Dividend
2016 Australia & New Zealand Banking Group's (ANZBY) CEO Shayne Elliott on Q4 2016..
2016 ANZ : A Sophisticated Short
Advertisement
Financials ( AUD)
Sales 2017 21 276 M
EBIT 2017 11 033 M
Net income 2017 7 345 M
Debt 2017 -
Yield 2017 5,18%
P/E ratio 2017 13,13
P/E ratio 2018 12,93
Capi. / Sales 2017 4,30x
Capi. / Sales 2018 4,30x
Capitalization 91 516 M
More Financials
Chart AUSTRALIA AND NEW ZEALAND
Duration : Period :
Australia and New Zealand  Technical Analysis Chart | ANZ | AU000000ANZ3 | 4-Traders
Full-screen chart
Technical analysis trends AUSTRALIA AND NEW...
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 30,4  AUD
Spread / Average Target -2,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Shayne Cary Elliott Chief Executive Officer & Executive Director
David M. Gonski Chairman
Michelle Jablko Chief Financial Officer
Hsien Yang Lee Independent Non-Executive Director
Paula Jane Dwyer Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
AUSTRALIA AND NEW ZEAL..1.28%70 613
HSBC HOLDINGS PLC7.70%161 449
AGRICULTURAL BANK OF C..5.48%154 771
JAPAN POST BANK CO LTD1.78%57 199
SHANGHAI PUDONG DEVELO..3.33%52 528
CHINA CITIC BANK CORPO..10.45%45 287
More Results