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Origin Mortgage formsStrategic Alliance with AussieHomeLoans

Document date:  Thu 18 Mar 1999
Published:  Thu 18 Mar 1999 00:00:00
Document No:  146604
Document part:  A
Market Flag:  N

HOMEX - Melbourne                                                     


Origin Mortgage Management Services (Origin), ANZ's wholesale
mortgage funding business, today announced it had formed a strategic
alliance with Aussie Home Loans.

The alliance, which is non-exclusive, will provide Aussie Home Loans
with access to diversified sources of mortgage funding, operational
support and an expanded range of financial products and services.

ANZ Group General Manager Mortgages, Mr Greg Camm, said: "The
alliance builds on Origin's existing network of over 20 mortgage
managers established with ANZ's acquisition of the Primary Industry
Bank of Australia's residential mortgage business in October 1998,
and demonstrates the value of combining ANZ's resources with an
autonomous wholesale mortgage business focused on servicing the needs
of independent mortgage managers."

ANZ Global Head of Personal Banking, Mr Peter Hawkins, said: "ANZ
aspires to be a leader in personal financial services in Australia.
This important step builds on this strategy, with this alliance
providing further growth in ANZ's personal financial services
portfolio by broadening our mortgage distribution base, where we have
been a leading writer of new mortgage business over recent months.

"This is a further step in ANZ's strategy of significantly expanding
the lower risk personal financial services business of the Group," Mr
Hawkins said.

For media enquiries, please contact:

Paul Edwards
Head of Group Media Relations, ANZ