ANZ has sold its retail, small business and commercial banking businesses in Papua New Guinea to Kina Bank, a subsidiary of ASX-listed Kina Securities.Kina said in an ASX announcement that the acquisition made it the PNG's second largest bank and that it would have the scale to invest in new banking capabilities.The deal, worth A$10 million, includes 15 retail branches, 72 ATMs and 1800 payment terminals. The combined entity's retail lending market will be 8.8 per cent and its deposit share 9.9 per cent.ANZ said it would concentrate on institutional and large corporate banking business in PNG.ANZ managing director, institutional Australia and OPNG, Graham Turley said in a statement: "ANZ is committed to running a world class institutional bank across our international network, in line with our strategy of simplifying our business and focusing on customers driven by trade and capital flows."We have been in PNG for 109 years and we continue to see significant opportunities for business and economic growth through long-term investment and support of the resources, energy, infrastructure and agriculture sectors."The sale, which was first announced in June last year, follows the sale of ANZ retail and wealth businesses in Singapore, Hong Kong, China, Taiwan, Indonesia and Vietnam, as well as its joint venture holdings in ANZ Royal in Cambodia and Metrobank Card Corp in the Philippines.