ANZ increases lending ahead of National Bank brand change

Tue, 23 Oct 2012

By Pam Graham Oct. 24 (BusinessDesk) - ANZ Banking Group, New Zealand's biggest bank, increased gross loans and advances by more than any of its main banking rivals in the three months to June 30, ahead of the announcement of the demise of its National Bank of New Zealand brand. The 1.26 percent growth in its gross loans and advances was bettered only by minnow The Cooperative Bank, the former PSIS, according to the KPMG Financial Institutions Performance Survey for the June quarter. TSB Bank has been playing the New Zealand-owned card stron...

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