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| Subject: ANZ would acquire an interestMetropolitan Bank and Trust Co’s credit card subsidiary. | |
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Author: ANZ secures Philippines credit card deal24-January-2003 |
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Date Posted: 00:21:10 01/24/03 Fri Posted by: michaelirish1 Jan 24 2003 5:35:02:403PM Reply to post # by Go to Post # Previous Respond Message List Indirectly more good news for ERG ANZ secures Philippines credit card deal 24-January-2003 Australia’s leading credit card issuer, ANZ (ANZ) is set to increase its global market share, today announcing that it has signed a memorandum of understanding with the Philippines' biggest bank, establishing a credit card joint venture there. Under the agreement, ANZ would acquire an interest in Metropolitan Bank and Trust Co’s credit card subsidiary. The companies said the deal would combine Metrobank's national and international branch network and access to its customer base with ANZ's technology and card expertise. Mr Brian Hartzer, ANZ managing director consumer finance said: “The Joint Venture advances our specialist credit card business and extends the group's growth options in Asia at low risk." (Voluntary Disclosure:Position Short Term rating:Buy Long Term Rating:Buy) OZeStock Advertisment:"Get yourself an institutional advantage!" [ Next Thread | Previous Thread | Next Message | Previous Message ] |