ANZ meaning in Foreign Bank in India ?
Answer: What is Australia and New Zealand Banking Group Limited mean?
The Australia and New Zealand Banking Group Limited (commonly referred to as ANZ) is an Australian multinational banking and financial services company headquartered in Melbourne, Australia. It is the second largest bank by assets and third largest bank by market capitalisation in Australia.
ANZ was established on 1 October 1951, when the Bank of Australasia merged with the Union Bank of Australia Limited. It is one of the big four Australian banks, with the Commonwealth Bank, National Australia Bank (NAB) and Westpac.
Australian operations make up the largest part of ANZ's business, with commercial and retail banking dominating. ANZ is also the largest bank in New Zealand, where the legal entity became known as ANZ National Bank Limited in 2003 and changed to ANZ Bank New Zealand Limited in 2012. From 2003 to 2012, it operated two brands in New Zealand, ANZ and the National Bank of New Zealand. The National Bank brand was retired in 2012, with a number of branches closing and others converting to ANZ branches. In addition to operations throughout Australia and New Zealand, ANZ also operates in 34 other countries.
ANZ together with its subsidiaries has a workforce of 51,000 employees and serves around nine million customers worldwide. In Australia, the bank serves around six million customers at over 570 branches.
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