Suncorp ANZ Bank - November 2023


In a significant development, ANZ recently unveiled plans to acquire Suncorp Bank from Suncorp Group Limited. This strategic move not only reflects ANZ’s commitment to expanding its Retail and Commercial businesses but also aims to enhance the geographic balance of its operations across Australia.

Suncorp ANZ Bank

ANZ’s CEO, Shayne Elliott, sees this acquisition as pivotal for the bank’s future, emphasizing its alignment with Queensland’s prospects. With ANZ’s ongoing initiatives to streamline and fortify its operations and digital transformation, this acquisition represents a significant stride toward building a stronger and more balanced bank.


The acquisition reflects ANZ’s commitment to customers and shareholders, maintaining the Suncorp Bank brand under license for up to seven years and ensuring the continuity of its Queensland branches for at least three years post-completion.


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