Headquarters Melbourne, Australia | Founded 1955 | |
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Parent organization Australia and New Zealand Banking Group | ||
Esanda Finance Corporation Limited is an Australian finance company. It deals in car and boat finance as well as insurance. It is a wholly owned subsidiary of ANZ Bank.
Contents
How to pronounce esanda finance corporation ltd
History
Esanda was a commercial financing division of the former English, Scottish and Australian Bank, the name Esanda being an acronym of that bank's name. On the merger with ANZ in 1969, Esanda became a part of ANZ Bank.
Purchase by Macquarie Bank
The Australian Competition & Consumer Commission (ACCC) announced that they would allow the Macquarie Group to buy Esanda from ANZ.
On 8th October 2015 Maquarie Group CEO Nicholas Moore announced the upcoming purchase of Esanda Dealer Finance unit for $8.2bn including debt.
References
Esanda Wikipedia(Text) CC BY-SA