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The original Bank of New Zealand logo used for 147 years until 1 October 2008 The General Manager's office of the Bank of New Zealand Queen Street branch in 1894. The Bank of New Zealand was formed as a private company and incorporated by the New Zealand Bank Act 1861, which created the company and authorises it to issue banknotes. [2]
1893–95: The Bank of New Zealand, the Colonial Bank of New Zealand and New Zealand Loan and Mercantile Agency Company were involved with a financial crisis causing a national slowdown in private investment. 1894 – Company reconstructed. 1952 – Became NZL Properties (Australia) Pty Ltd; 1961 – Merged with Dalgety & New Zealand Loan Ltd
The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.
Bank of New Zealand (BNZ), a subsidiary of the National Australia Bank; Westpac New Zealand (WBC), formerly WestpacTrust, after a merger with Trust Bank, a subsidiary of Westpac Banking Corporation; Together they hold over 90% of gross loans and advances in New Zealand [43] as well as close to 90% of all mortgages. [44]
Wellington, New Zealand: Co-operative Bank: 26 October 2011 Co-operative retail bank: New Plymouth, New Zealand: TSB Bank: 8 June 1989 Community trust retail bank: 0.5% (2022) New Zealand: Rabobank New Zealand: 7 July 1999 New Zealand retail banking subsidiary Rabobank: 2.8% (2022) Auckland, New Zealand: HSBC New Zealand: 22 July 1987
Kiwibank invested NZ$8m into a 51% shareholding in New Zealand Home Loans, [26] a home loan lender specialising in debt reduction, in June 2006, and increased this in 2008 by a further 25% and took 100% in 2012. New Zealand Home Loans continues to grow offering an alternative to the traditional banking model and have a nationwide network of ...
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