ANZ has announced an agreement to divest its Share Investment Lending portfolio to Leveraged Equities, a subsidiary of Bendigo and Adelaide Bank. This decision aligns with ANZ's ongoing simplification strategy. According to the bank, the financial impact of this transaction is not significant.
"ANZ today announced it has agreed to divest its Share Investment Lending portfolio to Leveraged Equities, a wholly owned subsidiary of Bendigo and Adelaide Bank."
"The divestment is consistent with ANZ’s simplification agenda and the financial impact is not material to ANZ."