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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 ]
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 ...
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). Where a bank displays the suffix as two digits, a leading zero is added to pad the suffix to three digits; i.e. BB-bbbb-AAAAAAA-SS becomes BB-bbbb-AAAAAAA-0SS.
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The original Bank of New Zealand logo used for 147 years until 1 October 2008. 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]
Originally set up in 1928 as the Public Service Investment Society and subsequently renamed PSIS, the Co-operative Bank became a registered bank in October 2011. [2] As of 2017 the bank has around 161,000 customers throughout New Zealand. As a co-operative the Bank is owned by its customers and its main purpose is to benefit the customers.