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ANZ China branches to offer yuan services
By Hu Xiaocen |
June 6, 2012, Wednesday
|
Online Edition
Online Edition
ANZ China, a unit of the third-biggest bank in Australia, announced today that all its China outlets will offer a full range of yuan services.
It also announced a cooperation deal with MetLife Inc for bancassurance.
"The insurance products of MetLife and the wealth management products of ANZ are complementary to each other, which provide comprehensive solutions for individual customers," Gary Ang, head of retail at ANZ China, said yesterday.
ANZ said in March that it received a license from the China Banking Regulatory Commission allowing it to provide yuan-related products and services to individual customers. The services include deposits, mortgages, bancassurance and wealth management.
Last month, the lender said it plans to expand its network in China to 20 branches in the next five to 10 years, adding the plan is still subject to regulatory approval.
It also announced a cooperation deal with MetLife Inc for bancassurance.
"The insurance products of MetLife and the wealth management products of ANZ are complementary to each other, which provide comprehensive solutions for individual customers," Gary Ang, head of retail at ANZ China, said yesterday.
ANZ said in March that it received a license from the China Banking Regulatory Commission allowing it to provide yuan-related products and services to individual customers. The services include deposits, mortgages, bancassurance and wealth management.
Last month, the lender said it plans to expand its network in China to 20 branches in the next five to 10 years, adding the plan is still subject to regulatory approval.
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