Esanda Explained

Industry:Leasing
Foundation:October 1955
Founder:English, Scottish & Australian Bank
Defunct:March 2019
Homepage: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 1987. The brand was retired in 2019.

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]

External links

Notes and References

  1. https://trove.nla.gov.au/newspaper/article/71702916 ES&A form 2m HP offshoot
  2. https://web.archive.org/web/20070829011603/http://www.esanda.com/support/aboutUs.asp Our History
  3. https://www.macquarie.com/au/en/about/news/2015/macquarie-esanda-and-outlook-update.html Acquisition of Esanda dealer finance portfolio from ANZ Banking Group Limited, capital raising and update to short term outlook
  4. Web site: 2015-10-08. Macquarie buys ANZ's Esanda Dealer Finance unit for $8.2b. 2020-08-26. Australian Financial Review. en.
  5. https://web.archive.org/web/20200423095904/https://www.anz.com.au/promo/esanda-loans-faqs/ Your Esanda loan will now be branded ANZ

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