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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] The Bank of New Zealand's first office opened in Auckland in October 1861, followed shortly afterwards by the first branch in Dunedin in December 1861. [3]
Auckland, New Zealand: ANZ Bank New Zealand: 1 April 1987 New Zealand retail banking subsidiary Australia & New Zealand Banking Group: 28.1% (2022) [4] Auckland, New Zealand: ASB Bank: 11 May 1989 New Zealand retail banking subsidiary Commonwealth Bank: 17.2% (2022) [5] Auckland, New Zealand: Westpac New Zealand: 31 October 2006 New Zealand ...
About Wikipedia; Contact us; Contribute Help; Learn to edit; Community portal; ... Australia and New Zealand Banking Group (34 P, 1 F) B. Bank of New Zealand (1 C, 4 ...
ANZ is one of New Zealand's big four banks, and is the largest bank in New Zealand with approximately 30% of market share as of March 2021. [5] Australia and New Zealand Banking Group bought the National Bank of New Zealand from Lloyds Bank in 2003. [6] The banks operated as separate brands until 2012, when they were unified under the ANZ brand ...
By 2024 New Zealand, the banking sector was dominated by four large Australian-owned banks, which are responsible for 85% of bank lending. These banks and their parent companies are: ANZ Bank New Zealand was formed in 1979 when ANZ (bank) incorporated its branches in New Zealand. In 1989 ANZ acquired PostBank.
The Reserve Bank of New Zealand was established from 1 August 1934 by the Reserve Bank of New Zealand Act 1933. [2] The Reserve Bank first issued banknotes in 1934, see New Zealand pound. The Banking (Prudential Supervision) Act 1989, [4] which came into effect in February 1990, resulted in the Reserve Bank becoming independent of government ...
The National Bank of New Zealand (Ltd) Act gave it the right to issue banknotes redeemable (in specie or gold). Though the bank was technically domiciled in London (which provided certain advantages) the major portion of its shareholders were New Zealand resident or associated. In 1894 its headquarters were moved from Dunedin to Wellington. [6]
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