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By Sameer Manekar
(Reuters) -Australia and New Zealand Banking Group said on Monday it will buy insurer Suncorp Group's banking unit for A$4.9 billion ($3.33 billion) to bolster its customer growth and home loan book even as it withdrew from talks to buy software firm MYOB Group.
ANZ, one of Australia's top lenders whose business has been slowed by loan application processing times, will look to reinforce its mortgage books by assuming control of Suncorp Bank's A$47 billion home loan portfolio...
>>> Read more: Australia's ANZ to buy Suncorp Bank for $3.3 billion to bolster home loan books
(Reuters) -Australia and New Zealand Banking Group said on Monday it will buy insurer Suncorp Group's banking unit for A$4.9 billion ($3.33 billion) to bolster its customer growth and home loan book even as it withdrew from talks to buy software firm MYOB Group.
ANZ, one of Australia's top lenders whose business has been slowed by loan application processing times, will look to reinforce its mortgage books by assuming control of Suncorp Bank's A$47 billion home loan portfolio...
>>> Read more: Australia's ANZ to buy Suncorp Bank for $3.3 billion to bolster home loan books
