ANZ Bank is keen to invest more capital into the part of the bank that services major domestic and overseas corporations, a sector that is benefiting from market volatility while returns from mortgages are being squeezed by stiff competition.
Institutional banking, which deals with large corporate clients, is a core part of ANZ and an area that underwent extensive restructuring earlier in chief executive Shayne Elliotts tenure.
ANZ Bank chief executive Shayne Elliott at its half-year results last month.Credit: Arsineh Houspian
During an ANZ board tour of India, Elliott said that of ANZs four main businesses, institutional banking had been the toughest one…
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