Esanda sale needed to release capital 06 May 2015 4:04PM Ian Rogers ANZ plans to sell its Esanda finance business principally to release capital for the group, Shayne Elliot, the bank's chief financial officer, told an investor briefing yesterday. Each business "has to be material, meet financial hurdles and be on strategy," Elliot said.The rationale for selling Esanda was "really strategic," he said."The wholesale dealer business is OK, but we probably are not the natural owner," he said. Elliot said the sale would "produce about 20 basis points in CET1 capital," which works out to about A$720 million.ANZ on Monday announced the sale of Esanda Dealer Finance and will issue an information memorandum to potential bidders later this month.