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Australia,China : Australia\'s ANZ to invest another $377m in China
Publish Date : 16-May-2012
Banking giant ANZ on Tuesday announced plans to invest another A$300 million (S$367 million) to expand its China operations, boosting the number of its outlets across the country from six to 20.
Australia and New Zealand Banking Group (ANZ) chief executive Mike Smith said China was becoming an increasingly important market.
\'Our business in China has grown steadily since we established a presence in 1986,\' he said.
\'The additional capital we plan to invest in ANZ China will support further network expansion, growth in customer lending, employee recruitment and product development to better service our customers.\'
