Australian Banking history
Category: Business and Money
Asked by: monty658-ga
List Price: $2.00
06 Aug 2006 18:18 PDT
Expires: 05 Sep 2006 18:18 PDT
Question ID: 753245
Which bank did the Rural Bank get taken over by?
Re: Australian Banking history
Answered By: tisme-ga on 06 Aug 2006 20:38 PDT
Hello monty658-ga, The bank that took over Rural Bank was ANZ. The website can be found here: http://www.anz.com.au "It grew by acquisition including in recent years the Rural Bank [...]" Source: http://www.cyberplace.org.nz/community/CAFCA/cafca03/nov03.html It is important to note that The National Bank of New Zealand overtook The Rural Bank in 1992 (source: http://en.wikipedia.org/wiki/National_Bank_of_New_Zealand). The National Bank of New Zealand is however a subsidiary of the Australian and New Zealand Banking Group (the third largest bank in Australia). Another source: "Sir John, considered one of New Zealand's most successful bankers, has overseen three major acquisitions in his 14 years with NBNZ. These include Rural Bank in 1992, and the acquisition of Country Wide National Trust Bank in 1997." Source: http://www.theage.com.au/articles/2004/06/24/1088046220946.html?from=storylhs All the best, tisme-ga Search Strategy: australia "rural bank" takeover -elders ANZ Banking Group australia "rural bank"
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