20 Apr 2010

ANZ completes Taiwan purchase

7:02 am on 20 April 2010

Australian bank ANZ has completed the purchase of the Royal Bank of Scotland's Taiwan business, as well as the ABN Amro Private Banking unit.

ANZ says it's now a major bank in Taiwan, the fourth largest banking market and fifth largest economy in Asia.

The bank has already completed the purchase of the Royal Bank of Scotland's business in Philipines, Vietnam and Hong Kong.