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Kiwibank Limited is a New Zealand state-owned bank and financial services provider. As of 2023, Kiwibank is the fifth-largest bank in New Zealand by assets, and the largest New Zealand-owned bank, with a market share of approximately 9%. [4] In December 2023, the bank's assets totaled about $35 billion. [5]
PostBank shared many operating characteristics with the later Kiwibank, a bank which initially operated as a wholly owned subsidiary of the state-owned enterprise, New Zealand Post Limited. Later, Kiwibank and New Zealand Post started a process of no longer co-locating, with Kiwibank opening 13 stand-alone premises.
1944: Personal loans department opened. Government announces intention to nationalise the bank. 1945: Nash Government introduces the Bank of New Zealand Bill. Once passed the Government paid £7,933,000 in cash, transferable stock, and tax-free stock to the Bank's 8,500 shareholders for their shares. The average holding was 495 shares.
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In 2002, New Zealand Post, as part of government policy, opened the bank Kiwibank Limited in the majority of its PostShop and Books and More (now Take Note) branches. Kiwibank is wholly owned by New Zealand Post through subsidiaries. [17] New Zealand Post and Kiwibank shop at The Palms shopping centre in Shirley, Christchurch
In 2014, ANZ India got approval from Reserve Bank of India to open two branches in India. [20] In 2015, ANZ announced ANZ ETFS joint venture with ETF Securities to offer 6 ETFs on ASX. [21] In 2017, ANZ announced it would sell its online sharebroking service, Direct Broking, to investment bank, First NZ Capital (FNZC), for an undisclosed sum. [22]
Kiwibank: Financials Banks Wellington: 2001 Bank, subsidiary of state-owned New Zealand Post: S A Kordia: Consumer services Broadcasting & entertainment Auckland [7] 2003 State-owned broadcaster S A Landcorp: Consumer goods Farming & fishing Wellington: 1987 State-owned farming S A Macpac Wilderness Equipment: Consumer services Specialty ...