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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.
Kiwibank: 29 November 2001 New Zealand State owned retail bank: 9% (2022) [7] Invercargill, New Zealand: SBS Bank: 7 October 2008 Mutual retail bank: 0.8% (2022) 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 ...
Manning was a finalist in the Community Hero section of the Women of Influence Awards in 2020, and a semi-finalist in the 2022 Kiwibank New Zealand Local Hero of the Year awards. [11] [12] In the 2024 King's Birthday Honours, Manning was appointed an Officer of the New Zealand Order of Merit for services to the community and the environment. [6]
New Zealand Post and Kiwibank shop at The Palms shopping centre in Shirley, Christchurch In 2002, NZ Post bought The ECN Group which is now New Zealand Post's corporate venturing arm. Its purpose is to develop and market technologies and services that may replace or enhance New Zealand Post's traditional services.
The controversial Employment Contracts Act was repealed, replaced by an Employment Relations Act more friendly to unions and collective bargaining; a state-owned bank, Kiwibank, was created at the behest of the Alliance; a majority stake in the national airline, Air New Zealand, was purchased; and the public health sector was reorganised with ...
In 2002 the government founded Kiwibank as a subsidiary of NZ Post. In 2016 47 percent of Kiwibank was sold to the New Zealand Superannuation Fund (25 percent) and the Accident Compensation Corporation (ACC) (22 percent). Subsequently, in 2022 the NZ government acquired full control of Kiwibank.
Account numbers are generally presented in the format: BB-bbbb-AAAAAAA-SSS. where B is the bank number (2 digits), b is the branch number (4 digits), A is the account number (7 digits) and S are digits of the suffix (2 or 3 digits).