ANZ may exit Asia
Analysts are suggesting that a need for higher equity ratios will drive ANZ to sell its capital-hungry minority stakes in two or three Asian banks over the next couple of years. &nbsp;This would give the bank a chance to offset the impact of higher mortgage risk weightings that the Australian Prudential Regulation Authority (APRA) is expected to announce this month. &nbsp;ANZ owns a 39% stake in Panin Bank in Indonesia, 24% in AmBank Group, 14% in China's Bank of Tianjin and a 20% stake in the Shanghai Rural and Commercial Bank, which if all sold would raise c. $5.3bn in capital.
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