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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]
At Wells Fargo, for example, you only need $25 to open a business account, while U.S. Bank requires a minimum deposit of $100. 7. A solid understanding of your business plan.
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).
Some banks allow you to open a business account online or by phone, whereas others require you to visit a physical branch. Either way, opening an account should be straightforward if you have all ...
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 ...
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 ...
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.
SBS Bank is a New Zealand registered bank which was founded in 1869. In October 2008 it gained bank registration and the Southland Building Society became SBS Bank. It is a 100% New Zealand owned registered bank that has retained a mutual building society structure.
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