ANZ Banking Group
(ASX:ANZ) is investing up to $1.5 billion of its existing investment plan in new mobile banking aps as well as branch upgrades in its quest to entice more customers.
The bank has announced a five year plan, entitled Banking On Australia, which it says will simplify the way it does business and make it easier for more customers to bank with ANZ.
ANZ also announced an increased market share in the Australian banking sector, achieved in tough economic conditions, however has made no announcement on whether it plans to cut interest rates in response to the RBA’s cash rate cut on Tuesday.
ANZ posted a net profit of $2.9 billion in the first half of the 2012 financial year.
