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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]
New Zealand bank account numbers in NZD follow a standardised format of 16 digits: a prefix representing the bank and branch (six digits), otherwise known as the Bank code; the body (seven digits); and; the suffix representing the product/account type (two or three digits).
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 ...
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
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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.
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