Esanda

Last updated

Esanda
Industry Leasing
FoundedOctober 1955
Founder English, Scottish & Australian Bank
DefunctMarch 2019
Website www.esanda.com

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 19870. The brand was retired in 2019.

Contents

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]

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References

  1. ES&A form 2m HP offshoot The Argus 21 October 1955 page 15
  2. Our History Esanda
  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. "Macquarie buys ANZ's Esanda Dealer Finance unit for $8.2b". Australian Financial Review . 8 October 2015. Retrieved 26 August 2020.
  5. Your Esanda loan will now be branded ANZ Australia & New Zealand Banking Group