ANZ Bank Establishes Licensed Banking Branch In New Zealand
"In the current environment, ANZ believes it is prudent for banks to maximize the range of funding options available to them, and funding from the parent bank is one of these options," the bank said in a statement.
The group said other mechanisms include ANZ National's recently established securitization program, the Reserve Bank of New Zealand's auction facility and New Zealand's Crown Guarantee on funding.
The establishment of the branch is effective immediately, ANZ said.
-By Lyndal McFarland, Dow Jones Newswires; 61-3-9650-0637; lyndal.mcfarland@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=NFqdmxhuVIJ%2FftBpw9S6KA%3D%3D. You can use this link on the day this article is published and the following day.
Publié le 04 janvier 2009 Copyright © 2009 Dowjones
Partager sur:
