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AAP
AAP
Politics
Dominic Giannini

Pacific to bank on ANZ thanks to Australian guarantee

Australia will provide a $2 billion guarantee to shore up ANZ's banking services in the Pacific. (Esther Linder/AAP PHOTOS)

ANZ has struck a deal with the Australian government to guarantee banking services in the Pacific.

Australia has been working with commercial banks to stop an exodus of financial services from Pacific island nations, which aren't profitable.

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