ANZ recently announced it would strengthen its focus on running a world class Institutional Bank in a number of countries in Asia following an agreement to sell its Retail and Wealth business units in Singapore, Hong Kong, China, Taiwan and Indonesia to Singapore’s DBS Bank.

With regards to the lender’s operations in Vietnam, ANZ confirms that ANZ’s Retail and Wealth business in Vietnam is not part of this transaction and there is no impact to their Retail and Institutional customers’ banking relationships with ANZ in Vietnam.

“We will continue to examine ways to improve our Retail and Wealth businesses for customers in Vietnam and the interests of our customers will be central to our decision making processes,” ANZ said.

VIR