ANZ: China expansion advances

Company News


ANZ Banking Group (ASX:ANZ) looks set to double its China operations.

According to Dow Jones, the bank will increase its workforce by hundreds over the next ten years.

They say the move comes in a bid to take advantage of increasing banking opportunities in the world's second-largest economy.

ANZ posted an annual net profit of $5.4 billion in the 2011 financial year.


Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?