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Westpac New Zealand, known simply as Westpac, is a New Zealand bank that is a subsidiary of the Australian Westpac Banking Corporation. The bank is one of New Zealand's big four banks . It operates under the same brand as its parent but is operationally separated as required by the New Zealand banking regulator the Reserve Bank of New Zealand .
Westpac Banking Corporation, also known as Westpac, is an Australian multinational banking and financial services company headquartered at Westpac Place in Sydney, New South Wales. [ 2 ] Established in 1817 as the Bank of New South Wales , it acquired the Commercial Bank of Australia in 1981 before being renamed to Westpac Banking Corporation ...
ANZ Bank New Zealand: 1 April 1987 New Zealand retail banking subsidiary Australia & New Zealand Banking Group: 28.1% (2022) [4] Auckland, New Zealand: ASB Bank: 11 May 1989 New Zealand retail banking subsidiary Commonwealth Bank: 17.2% (2022) [5] Auckland, New Zealand: Westpac New Zealand: 31 October 2006 New Zealand retail banking subsidiary ...
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.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
Trust Bank New Zealand (TBNZ) had its origins in New Zealand's regional trustee savings banks. The five original banks were established under the Savings Bank Act 1858, [2] and were: the Auckland Savings Bank (est. 1847) [3] the New Plymouth Savings Bank (est. 1850) [4] the Dunedin Savings Bank (est. 1864) [5] the Invercargill Savings Bank (est ...
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