International Business - AMP Bank Ltd. Expansion in Canada

RUNNING HEAD: International Business 0
amp bank ltd.
International Business

International Business 1
Executive Summary
AMP Bank is an Australian service provider. It is subsidiary of AMP Limited. In this report
the scope of AMP Bank in Canada has been defined. The company intend to expand it’s
operations in Canada. The bank is successfully leading it’s activities in Australia. To conduct
activities in Canada the proposed product and consideration for overseas expansion have been
defined. Further the economy of Canada has been introduced by economic, political and legal
analysis. The cultural analysis and contemporary issues discussion has been done to better
understand the scope of banking activities in Canada.

International Business 2
Contents
Introduction................................................................................................................................1
Company background................................................................................................................1
Propose product......................................................................................................................1
Consideration for overseas expansion....................................................................................1
Introduction to Canada...............................................................................................................1
Economic Analysis.....................................................................................................................1
Economic data........................................................................................................................1
Trade agreements and barriers................................................................................................1
Economic rankings.................................................................................................................1
Political and legal analysis.........................................................................................................1
Role of government in economy, political stability and Risk................................................1
Legal system...........................................................................................................................1
Property rights........................................................................................................................1
Cultural Analysis........................................................................................................................1
Contemporary issues discussion................................................................................................1
Financial services in Canada..................................................................................................1
Ageing population and retirement funding in Canada...........................................................1
Conclusion..................................................................................................................................1
References..................................................................................................................................1

International Business 3
Introduction
AMP Bank Ltd.is an Australian bank. The bank provides commercial banking services for
retail and institutional customers. The bank offers loans such as consumer, commercial and
mortgage; accept deposits, internet banking, credit cards, insurance and wealth management
services. The bank serves Australia based customers (Bloomberg, 2018). AMP Bank Limited
is a subsidiary of AMP Limited. AMP Limited is country’s largest retail and superannuation
service provider. It also runs the largest life risk business in whole country. The bank
distributes products and services through phone and internet banking. The bank has well
trained brokers and planners who can assist those clients who are in need of banking services.
Company background
AMP Bank Ltd. was incorporated in 1998. It is a financial institution based in Sydney. The
head quarter of bank is in Parramatta, Australia. The bank offers advanced online banking
and mobile banking application to customers. The bank has more than 1 million customers.
The bank has a range of bank accounts to manage money of public. The bank has made
recent changes to digital banking experience. Now it focuses on financial management tools.
The bank provides greater functionality. The functionality covers products and services. The
services offered by AMP are very professional and trustworthy.
Propose product
AMP Bank intends to offer banking services in Canada. The products offered by bank will be
accounts, mortgage loans, commercial loans, consumer loans, accept deposits, internet
banking, credit and debit card and insurance. The bank already offers these products in
Australia (Anand, Bédard-Pagé & Traclet, 2014). The bank can offer the products and
services online. A person does not have need to visit bank to attain products and services. The
bank is already a largest retail service provider and can carry functions effectively in
economy of Canada.
Consideration for overseas expansion
AMP Bank can enter into Canada by making foreign direct investments. The bank can also
engage in cross border lending without being physically present at Canada. It can be done
through a correspondent bank. Canada gives importance to expanding range of financial
services throughout country. The banks are the core of Canada’s financial system. The