ANZ penetrates Malaysian market

ANZ has expanded into Malaysia with a branch office in the Labuan International Business and Financial Centre.

ANZ Malaysia CEO Fauziah Hisham said the Labuan branch is licensed to offer a wide array of services to regional customers, such as supporting an Australian corporate to raise financing and provide risk management solutions for its projects in the country.

"Malaysia is an important market for ANZ and an important part of our regional banking network," said ANZ chief executive officer Mike Smith. "Malaysia is also a major regional economy and trading partner and establishing our first branch is an important step in growing our business in this country."

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