ANZ CEO Shayne Elliott has vowed it will be business as usual for Suncorp Bank’s customers, after a successful bid to acquire the banking arm of the Queensland-based bank.

The merger proposal to acquire Suncorp Bank for $4.9 billion has been accepted by both parties, but there are a number of regulatory approvals yet.

Mr Elliott says they expect to take ownership next year.

He moved to allay concerns from Queensland customers that there will be significant changes on the way in the next couple of years.

“From that point, we are saying hey, we are buying this to invest in the business, to grow into Queensland,” he told Neil Breen.

“Therefore we want Suncorp Bank customers to have the same great service they have today, and that’s why we are committing to the same network, same team for at least 3 years.”

Mr Elliott says for the next few years it will be called Suncorp Bank, but he is predicting a rebrand.

He also responded to the “number one question” of whether Suncorp Stadium will get a name-change.

Press PLAY below to hear his response

Image: Giulia Marchi/Bloomberg via Getty Images

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