ANZ Bank in $100m phase out of National Bank brand

Wed, 26 Sep 2012

Sept. 26 (BusinessDesk) - Australia & New Zealand Banking Group, the biggest lender in New Zealand, will phase out is National Bank brand over the next two years and merge adjacent branches in an exercise it estimates will cost $100 million. National Bank’s black horse and green branding are licensed from the UK’s Lloyds TSB under an arrangement that expires in 2014. Dumping the National Bank brand will see the bank reduce total branches to 280 from 300 in New Zealand, ANZ Bank said today. ANZ will adopt National Bank’s technology system and...

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