Jobs are safe, says ANZ as Kina prepares for takeover

ANZ bank is assuring its staff that there will be no job losses and nothing will change in the service delivery to the customers during the transitioning period to Kina bank.
“Every single member of ANZ in the retail, commercial and SME sectors will be offered a role by Kina Bank.” ANZ bank chief executive Mark Baker said.
The period between the signing and the actual period of completion for the transaction will take about 15 months. The bank currently has 470 staff.
“From the 470 staff, 320 will be transitioning into Kina bank. We also have 90,000 customers in the retail space and 6000 in the commercial and SME space,” he said.
Baker said there will be a lot of activity going on during the transitioning period.
“When the customers move to Kina bank, they would want proposition like the one at ANZ. Kina is enhancing the proposition to those ANZ customers,” he said.
Kina bank chief executive Greg Pawson said they were committed to getting on board the existing ANZ employees.
“We see this as a relatively seamless transition and are committed to maintaining existing employment terms, benefits and policies,” he said.
“For the customers, we have a very clear focus at Kina bank to be PNG’s leading digital bank. We have a platform that has been upgraded with full banking infrastructure over the course of 2017 to the extent to be world’s leading banking platform.
“Ready for a number of enhancements to make us a full service bank and to be able to compete effectively. We think this is going to be a great experience for ANZ customers because in a digital sense we launched smartphone, mobile and corporate apps last year.