ANZ acquires RBS’s Singapore business
ANZ has completed its acquisition of the Royal Bank of Scotland’s (RBS's) retail and commercial business in Singapore, the company announced.
ANZ now has 300,000 customers, 2,000 staff and six branches open in Singapore, having rebranded five RBS branches to go with a private bank branch. ANZ has also rebranded 19 ATMs and moved existing customers and staff over to ANZ, the company said.
Former RBS customers will retain their existing relationship managers and can continue to access branches, Internet banking, ATMs and the Singapore ATM5 network, the company said. ANZ has also introduced its ANZ Signature Priority Banking service for affluent retail customers.
ANZ has already transitioned RBS businesses in the Philippines, Vietnam, Hong Kong and Taiwan, with the company expecting its Indonesian acquisition to be completed in June.
AUTHOR
Ashleigh McIntyre
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