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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] The Bank of New Zealand's first office opened in Auckland in October 1861, followed shortly afterwards by the first branch in Dunedin in December 1861. [3]
Auckland, New Zealand: 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 ...
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ANZ is one of New Zealand's big four banks, and is the largest bank in New Zealand with approximately 30% of market share as of March 2021. [5] Australia and New Zealand Banking Group bought the National Bank of New Zealand from Lloyds Bank in 2003. [6] The banks operated as separate brands until 2012, when they were unified under the ANZ brand ...
The Australia and New Zealand Banking Group Limited, commonly known as ANZ Bank, is a multinational banking and financial services company headquartered in Melbourne, Victoria, Australia. It is Australia's second-largest bank by assets and fourth-largest bank by market capitalisation .
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UDC's own trading bankers, the Bank of New Zealand, did not take up the opportunity but elected to set up their own operation, BNZ Finance. The 20% shareholding was purchased by Australia & New Zealand Banking Group in 1965. [5] In 1970 UDC sold its 80% interest in by floating and listing the company on the NZX. ANZ became the major shareholder ...
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 .