Australia & New Zealand Banking Group is interested in acquiring assets from Royal Bank of Scotland as the lender cuts back its operations in the Asia-Pacific region.
'I’m interested in looking at their assets across the region', Andrew Geczy, head of ANZ’s international and institutional banking business, said in an interview in Sydney Wednesday. 'There’s opportunities that happen as many of the European and American banks retrace back home'.
ANZ is seeking to double the percentage of profit it gets from businesses outside Australia and New Zealand to as much as 30% by 2017, according to a bank strategy briefing in March 2011.
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