Banks in New Zealand


ANZ	ASB	BNZ	RBNZ	Westpac

ANZ New Zealand – One of New Zealand's leading financial services companies, serving more than 1 million customers. It finances more than 30% of all home loans in New Zealand.
ASB Bank – ASB is New Zealand's first savings bank, established in 1847. With over 135 branches nationwide, the company offers various personal and business banking products. In 1989, Commonwealth bought 75% of ASB's shares.
Bank of Baroda (New Zealand) – A wholly owned subsidiary of Bank of Baroda, India’s International Bank. BOB was incorporated on 27 May 2007. It is a registered bank since 1 September 2009 under the Reserve Bank of New Zealand Act. Bank of Baroda (New Zealand) is the first Indian bank to foray into New Zealand.
Bank of New Zealand (BNZ) – BNZ is one of New Zealand's largest banks. The first branch was opened in Dunedin on 2 December 1861. BNZ is now owned by National Australia Bank.
Kiwibank – A wholly owned subsidiary of the state-owned enterprise New Zealand Post Limited. Through Kiwibank, New Zealand Post provides banking services through its post offices and joint venture Books & More and Papermate outlets. With over 900 staff, Kiwibank in more than 280 PostShops, which means it can stay open longer than other banks, even on weekends in many places. Kiwibank has won the first five Sunday Star Times/Cannex banking awards, in 2006, 2007, 2008, 2009 and 2010 for offering the best value across their range of products.
National Bank of New Zealand (NBNZ) – One of the largest banks in the country. In December 2003, ANZ Group purchased National Bank. Today NBNZ operates as a part of ANZ National Bank.
Reserve Bank of New Zealand (RBNZ) – RBNZ is New Zealand's central bank. The Reserve Bank's primary function, as defined by the Reserve Bank of New Zealand Act 1989, is to provide "stability in the general level of prices". RBNZ does not offer financial services to the public and its website refers people to other financial institutions.
SBS Bank (Southland Building Society) – New Zealand's largest building society, established in 1869. SBS Bank officially received bank registration in October 2008. On 1 October 2010, Hastings Building Society (HBS) merged with SBS Bank and it now operates as HBS Bank adding another two branches in Hastings and Napier to the SBS Bank network, with a third opened in Havelock North in 2011.
Westpac New Zealand – The second largest bank in New Zealand, with over 1.2 million customers, 3,000 shareholders, 200 branches and over 500 ATMs nationwide.

List of registered banks in New Zealand and their credit ratings

Banks marked (B) operate in New Zealand as branches of overseas incorporated banks. All other banks are incorporated in New Zealand.
Total number of registered banks = 19

Name of bank	Registration Date	Standard & Poor’s	Fitch	Moody’s
ANZ National Bank	1.04.1987	AA	AA-	Aa2
ASB Bank Limited	11.05.1989	AA	-	Aa2
Australia and New Zealand Banking Group (B)	5.01.2009	AA	AA-	Aa1
Bank of Baroda (New Zealand)	1.08.2009	-	BBB-	-
Bank of New Zealand	1.04.1987	AA	-	Aa2
Citibank NA (B)	22.07.1987	A+	A+	A1
Commonwealth Bank of Australia (B)	23.06.2000	AA	AA	Aa1
Deutsche Bank AG (B)	8.11.1996	A+	AA-	Aa3
JPMorgan Chase Bank NA (B)	1.10.2007	AA-	AA-	Aa1
Kiwibank Limited	29.11.2001	AA-	-	-
Kookmin Bank (B)	14.07.1997	A	-	A1
Rabobank Nederland (B)	1.04.1996	AAA	AA+	Aaa
Rabobank New Zealand Limited	7.07.1999	AAA	-	-
Southland Building Society	7.10.2008	-	BBB	-
The Bank of Tokyo-Mitsubishi UFJ (B)	1.03.2004	A+	A	Aa2
The Hongkong and Shanghai Banking Corporation (B)	22.07.1987	AA	AA	Aa1
TSB Bank Limited	8.06.1989	BBB+	-	-
Westpac Banking Corporation (B)	1.04.1987	AA	AA	Aa1
Westpac New Zealand Limited	31.10.2006	AA	AA	Aa2

(source: Reserve Bank of New Zealand, updated 4 May 2010)