Esanda was an Australian

finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...

company. Founded in 1955 by the

English, Scottish & Australian Bank The English, Scottish & Australian Bank Limited was an Australian bank founded in 1852 by Royal Charter in London and named English, Scottish and Australian Chartered Bank. Following a financial reconstruction in 1893 its business was renamed ...

, it became a subsidiary of the

Australia & New Zealand Banking Group The Australia and New Zealand Banking Group Limited (ANZ) is an Australian multinational banking and financial services company headquartered in Melbourne, Victoria. It is Australia's second-largest bank by assets and fourth-largest bank by ma ...

in 1987. The brand was retired in 2019.

History

Esanda was established in October 1955 as the commercial financing division of the

(ES&A). It became a subsidiary of the

ANZ Bank ANZ may refer to: People * Anz (musician), a British DJ and electronic musician Banks * ANZ (bank), Australia and New Zealand Banking Group Limited, the fourth-largest bank in Australia ** ANZ Bank New Zealand, the largest bank in New Zealand ...

after it merged with ES&A in 1970. After ANZ acquired the

Bank of Adelaide The Bank of Adelaide was founded in 1865 in Adelaide, the capital of South Australia. It was incorporated by an act of the Parliament of South Australia. The original directors of the company were Henry Ayers, Thomas Greaves Waterhouse, Robert ...

in 1979 and the National Mutual Royal Bank in 1990, the respective finance divisions were incorporated into Esanda. In 2016, the dealer finance portfolio was sold to

Macquarie Group Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia' ...

. In March 2019, ANZ retired the Esanda brand.Your Esanda loan will now be branded ANZ

References

External links

Company website
Australia and New Zealand Banking Group Defunct financial services companies of Australia Financial services companies established in 1955 Financial services companies disestablished in 2019 1955 establishments in Australia 2019 disestablishments in Australia {{Australia-company-stub