ANZ exits SME business in five Asian countries, cuts around 100 jobs

March 10, 2016 8:23 AM

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SINGAPORE/SYDNEY, March 10 Australia and New Zealand Banking Group has exited the emerging corporate (SME) business in five Asian countries and cut around 100 jobs, a bank spokesman said.

It exited from the unit that lends to smaller businesses in Singapore, Vietnam, Hong Kong, Indonesia and Taiwan, the Melbourne-based spokesman told Reuters, after sources said ANZ was winding down its SME business in Asia.

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