ANZ has continued to downsize its Asian operations with the sale of its retail banking operation in Vietnam.
The lender on Friday said it had reached a sale agreement with the local arm of South Korea's Shinhan Financial Group.
It did not give a price, but said the premium to book value was not material to the group's results.
With 125,000 customers in Vietnam, the business has $320 million in lending assets and $800 million in deposits.
ANZ, which had already announced a deal to offload retail operations in Singapore, Hong Kong, mainland China, Taiwan, and Indonesia, said the agreement with Shinhan Bank Vietnam includes all eight branches in Hanoi and Ho Chi Minh City and the transfer of all retail staff.
"We have a long history in Vietnam and we will be maintaining our presence through our institutional bank in Vietnam," ANZ international group executive Farhan Faruqui said in a statement on Friday.
ANZ said it expects to complete the divestment by the end of 2017.
At 1347 AEST, ANZ shares were up 33 cents, or 1.1 per cent, at $31.87.
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