ANZ Bank (Lao) Limited
ANZ began operating as ANZ Vientiane Commercial Bank Ltd in September 2007 with the purchase of a majority shareholding in the Vientiane Commercial Bank Ltd, a privately owned bank that had been operating in Laos for 14 years.
ANZ moved to 100% ownership in August 2010.
ANZ is a public listed company whose world headquarters are situated in Melbourne, Australia. ANZ was established over 170 years ago and is one of the top 50 banks in the world as measured by sales, profit, assets and market value (Forbes 29.3.07). It has assets worth USD$347 billion and its net profit in 2007 was in excess of USD$4.1 billion.
ANZ operates in Asia through wholly owned ANZ businesses in 12 countries, and has eight partnerships in seven countries. ANZ also has operations in 13 countries in the Pacific.
ANZ has an AA credit rating (Standard & Poors 2007).