ANZ may work out RBS terms this week

Negotiations by ANZ to buy a portfolio of Asian banking assets from Royal Bank of Scotland may drag on toward the end of this week, the Financial Review and The Australian reported today.

The AFR reported on Saturday that ANZ was likely to buy RBS assets in six countries, with the Philippines the addition to the widely speculated list of Hong Kong, Indonesia, Singapore, Taiwan and Vietnam.

On Saturday the AFR speculated that ANZ may pay as much as $1.1 billion for the assets. The Australian today speculated that ANZ is likely to pay about $900 million.

Based on reports from India and London, Standard Chartered is the likely buyer of the RBS assets in China and India and also Malaysia.