ANZ dominates agribusiness finance
ANZ has this week completed its acquisition of the loan and deposit books of the Australian Wheat Board’s financing offshoot, Landmark Financial Services.
ANZ and AWB announced to the Australian Securities Exchange that the transaction, initiated late last year, had been completed.
Commenting on the transaction, ANZ group managing director of commercial Davis Hisco said the bank had strengthened its representation across rural and regional Australia with an extra 10,000 customers and an exclusive distribution and referral agreement through Landmark’s national network.
“Together with ANZ’s existing agribusiness capability, it provides Landmark customers with access to a wider range of products and services and gives us a new growth platform in rural Australia,” he said.
Hisco claimed the acquisition of the Landmark loan and deposit books made ANZ the leader in agribusiness finance in Australasia.
AUTHOR
Mike Taylor
Recommended for you
ASIC has cancelled the AFSL of global advisory group Brite Advisors after compensation was paid to an individual by the Compensation Scheme of Last Resort.
Having taken some “quite tough medicine” during its 18-month transformation program, Iress is now doubling down on organic growth in the delivery of its wealth technologies.
The RIAA Conference Australia 2025 will take place later this month, featuring a range of sessions designed for financial advisers.
The month of April enjoyed four back-to-back weeks of growth in financial adviser numbers, with this past week seeing a net rise of five.
