Under section 69 of the Reserve Bank of New Zealand Act,all banks operating in New Zealand must be registered with the Reserve Bank of New Zealand which serve as the central bank.It was established in 1934, it became a wholly owned unit by the government in 1936.
Name of registered bank in NZ
ANZ Bank New Zealand Ltd
The bank was established, 1 April 1987 is currently one of New Zealand’s largest companies based on profit and assets.The bank offers a range of financial products and services through its Retail, Commercial, and Institutional segments.
ANZ bank finances over 30% of all home loans in New Zealand and accounts for around 1% of New Zealand’s Gross Domestic Product (GDP)
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ASB Bank Limited
The bank was established 11 May 1989. ASB Bank business activities include, Credit Cards Foreign Exchange, Home Loans,Insurance,KiwiSaver and Personal Loans.this is the second biggest bank in NZ.
Bank of Baroda (New Zealand) Limited
The bank was incorporated on 27 May 2008, it’s a wholly owned subsidiary of Bank of Baroda- India’s International Bank.They endeavors to deliver maximum return on investment to investors and business partners.
Bank of New Zealand
The bank was registered 1 April 1987 by reserve bank of New Zealand.They work with the Housing Foundation and its Shared Ownership Programme,to help working lower income households buy their first home.
kIWI BANK was registered with reserve bank in 29 November 2001.The bank provides retail banking products and services to individuals and SMEs.They also offers agency services for mortgage lending, and investment and fund management.
This along the oldest bank in new zealand,is a subsidiary of TSB Community Trust
The bank provides several financial products and services in the country, including savings, deposits, insurance, loans, and small-business banking.it was registered by reserve bank in 26 October 2011
Rabobank New Zealand
The bank is engaged in savings, business banking, and rural banking services across New Zealand.they render loan to Kiwi farmers to create strong sustainable businesses to grow food for us all with their Agric banking.
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Westpac New Zealand
They are active in consumer banking, insurance sectors, wealth management, commercial, corporate, and as well institutional banking and investment.
It was registered with reserve bank in 31 October 2006 as national bank/
The Southland Building Society products include Home Loans,Investments,Investments,Credit Card and other services.The bank started in 1869 and got registered with reserve bank 7 October 2008.
China Construction Bank (New Zealand) Limited
Bank of China (New Zealand) Limited
Citibank N A
Commonwealth Bank of Australia
JPMorgan Chase Bank NA
MUFG Bank, Ltd
The Hongkong and Shanghai Banking Corporation Limited(