Some think there are two Australian banks in the Philippines. On Google Maps, they’re seeing a mark for Commonwealth Bank of Australia in the Ortigas Center in Pasig. I also wonder why and who put that mark there.
Australia and New Zealand (ANZ) Banking Group Ltd.
But based on online searching, there’s only one Australian bank in the Philippines, and that’s Australia and New Zealand (ANZ) Banking Group Ltd. ANZ started operations in 1995. Of the ten foreign banks given Philippine banking licenses that year, ANZ was the only Australian bank. It was also authorized to open up to 6 branches.
But ANZ was not able to expand its branch banking operations as planned. In February 2018, it shut down its retail banking business to focus on serving institutions and corporations. That was the year when big Australian banks shed capital-intensive assets in Southeast Asia to respond to tougher banking capital regulations.
Since then, ANZ Philippines has been operating as a universal bank serving corporations and institutions only.
14th Floor Solaris One Building
130 Dela Rosa Street, Legaspi Village, 1229 Makati City
Phone: +63 2 8841 7782
Country Head: Jesus Plaridel F. Santiago, Jr.
Institutional banking services offered by ANZ Philippines
- domestic and foreign currency lending
- foreign exchange
- payments and cash management
- trade and supply chain services
- commodity and interest rate hedging
- access to debt capital markets
- structured finance products
- merger and acquisition advisory services for corporations
Can owners of ANZ ATM cards from Australia go to the ANZ office in Makati to make ATM or over-the-counter withdrawals or request replacement ATM cards?
They can visit the office, and ask questions, but they will not be able to make withdrawals or card replacements. The bank serves only institutions and corporations.
- As of June 2022, ANZ is No. 30 in ranking among 45 universal/commercial banks in the Philippines by total assets, with 33.07 billion pesos in total assets.
- ANZ is one of the “the big four banks” in Australia. They account for around 80% of the total value of home lending in the country.
- ANZ ranks the 4th biggest Australian bank based on total assets. It has $688 billion. The other banks are Commonwealth Bank of Australia, Westpac Banking Corp. and National Australia Bank.
- The ANZ digital bank ANZ Plus is now the fastest growing digital bank in Australia, with more than 55,000 clients and $1 billion in deposits as of October 2022.
Are there Australian banks in the Philippines serving as representative offices?
Which Australian banks are correspondent banks of some banks in the Philippines?
- ANZ in Sydney is a correspondent bank of PNB and Metrobank.
- ANZ in Melbourne is a correspondent bank of BDO and Metrobank.
- ANZ in Brisbane, Adelaide and Perth are correspondent banks of Metrobank.
- Commonwealth Bank of Australia in Sydney is a correspondent bank of PNB and Metrobank.
- National Australia Bank in Melbourne is a correspondent bank of PNB and Metrobank.
- Westpac Banking Corp. in Sydney is a correspondent bank of PNB and Metrobank.
What is ANZ Global Services and Operations (Manila), Inc.?
It provides business support services to ANZ. It’s part of the Global Technology, Services and Operations (GTSO) division of ANZ. GTSO provides services for all ANZ’s customer-facing divisions in every market around the world where ANZ operates.
In September and October 2022, ANZ Manila posted recruitment ads for these banking jobs: collection consultants, customer service consultants, phone banking consultants. There was a fraud detection officer recruitment post in August 2022.
Its office address:
12th Floor, Solaris One Building
130 Dela Rosa Street, Makati, 1229 Metro Manila
Just a thought: As a Filipino who’s working in Australia, or who have migrated to Australia, are you wishing for more Australian banks in the Philippines?