Esanda

Esanda

Esanda

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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.

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History

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

  1. [1]
    ES&A form 2m HP offshoot The Argus 21 October 1955 page 15
  2. [2]
    Our History Esanda
  3. [3]
    Acquisition of Esanda dealer finance portfolio from ANZ Banking Group Limited, capital raising and update to short term outlook Macquarie Group 8 October 2015
  4. [4]
    "Macquarie buys ANZ's Esanda Dealer Finance unit for $8.2b". Australian Financial Review. 8 October 2015. Retrieved 26 August 2020.
  5. [5]
    Your Esanda loan will now be branded ANZ Australia & New Zealand Banking Group
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