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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]
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.
New Zealand retail banking subsidiary HSBC: 1.2% (2022) Mumbai, India: Bank of India New Zealand: 31 March 2011 New Zealand retail banking subsidiary Indian State owned Bank of India: 0.0% (2022) New York, New York: Citibank New Zealand: 22 July 1987 New Zealand registered corporate banking branch of offshore banking group Citibank: Beijing, China
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
Several smaller banks merged with larger ones, resulting in a more concentrated banking industry. The BNZ merged with the National Bank of New Zealand in 1992, forming the National Bank of New Zealand Limited. [19] In 1996, ANZ Banking Group acquired the National Bank, further consolidating its position as one of the largest banks in New Zealand.
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).
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