Wikipedia
Esanda
Esanda was an Australian finance company. Founded in 1955 by the English, Scottish & Australian Bank, it became a subsidiary of the Australia & New Zealand Banking Group in 1987. The brand was retired in 2019.
| Industry | Leasing |
|---|---|
| Founded | October 1955 |
| Founder | English, Scottish & Australian Bank |
| Defunct | March 2019 |
| Website |
History edit
Esanda was established in October 1955 as the commercial financing division of the English, Scottish & Australian Bank (ES&A).[1] It became a subsidiary of the ANZ Bank after it merged with ES&A in 1970. After ANZ acquired the Bank of Adelaide in 1979 and the National Mutual Royal Bank in 1990, the respective finance divisions were incorporated into Esanda.[2]
In 2016, the dealer finance portfolio was sold to Macquarie Group.[3][4] In March 2019, ANZ retired the Esanda brand.[5]
References edit
- ^ ES&A form 2m HP offshoot The Argus 21 October 1955 page 15
- ^ Esanda
- ^ Acquisition of Esanda dealer finance portfolio from ANZ Banking Group Limited, capital raising and update to short term outlook Macquarie Group 8 October 2015
- ^ "Macquarie buys ANZ's Esanda Dealer Finance unit for $8.2b". Australian Financial Review. 8 October 2015. Retrieved 26 August 2020.
- ^ Australia & New Zealand Banking Group