Bank of New Zealand

Bank

About

Organization
Thing
Corporation
Bank of New Zealand is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861.
Bank of New Zealand
Definition
Bank of New Zealand is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861.
Bank of New Zealand
Bank of New Zealand
Bank of New Zealand is one of New Zealand's big four banks and has been operating in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861.

Pronunciation

English

Bank of New Zealand

Bank of New Zealand
SpellingBank of New Zealand
Pronunciation[Bank of New Zealand]

Mentions

ANZ's NZ subsidiary is comparatively larger, accounting for more than 20 per cent of its parent's assets, than the National Bank of Australia-owned Bank of New Zealand at a bit over 14 per cent, Westpac's at 13.5 per cent and Commonwealth Bank of Australia-owned ASB Bank at not quite 11 per cent.

Directors from ANZ, ASB, BNZ, Westpac, Kiwibank, Rabobank, The Cooperative Bank, SBS Bank, Heartland Bank, Bank of China and Bank of Baroda were interviewed by Deloitte. According to the report, 99% of respondents said they have not signed an attestation collectively while having their own reservations.

It is now heavily rumoured that negotiations are under way for Kiwibank to buy the Bank of New Zealand (BNZ).

As BNZ's head of research Stephen Toplis put it in his review of the labour market data: "The labour data provide the RBNZ with no excuse to even contemplate lowering interest rates. To the contrary, in and of itself, these figures suggest the RBNZ should be seriously considering raising rates."

Air New Zealand said their OneSmart travel card does not use any affected Travelex services, but would not confirm if Travelex is a service provider. BNZ and Kiwibank did not respond.

The Bank of New Zealand is to have a female chief executive for the first time from January.

Bank of New Zealand boss Angie Mentis has had her pay package cut by $765k to $3.08 million for the year to September 30.

The first is Angela Mentis, who has been running NAB's New Zealand operations since January last year. Mentis is the Bank of New Zealand's first female chief executive.

The Commerce Commission has told Bank of New Zealand it has commenced an investigation into BNZ's compliance with particular disclosure requirements under the Credit Contracts and Consumer Finance Act 2003.

And that's something the new chief executive of the Bank of New Zealand has been putting into practice through her banking career.

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See also

See also: