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- ANZ New Zealand – One of New Zealand's leading financial services companies serving over 1 million customers. It finances more than 30% of all home loans in New Zealand.
- ASB Bank – 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) – 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.
- Citibank NZ provides a full range of corporate and investment banking services in the country. Citi has been operating in N. Zealand since 1974.
- Deutsche Bank NZ offers a full range of products and services to corporate and institutional clients. The Bank has had a presence in New Zealand since 1986 and was granted a banking license in 1996.
- HBS Bank (Hastings Building Society) provides banking and financial services in Hastings, Napier and Havelock serving the Hawke's Bay region.
- Heartland Bank (Heartland Building Society) – The newest bank in New Zealand. On December 17, 2012, the Reserve Bank of New Zealand registered Heartland Building Society (Heartland) as a bank.
- Kiwibank – A wholly owned subsidiary of New Zealand Post. Through Kiwibank, New Zealand Post provides banking services through PostShops and joint venture Books & More and Papermate outlets.
- National Bank of New Zealand (NBNZ) – One of the largest banks in the country. In December 2003, ANZ Group purchased the National Bank. Today NBNZ operates as a part of ANZ Bank New Zealand Limited.
- Rabobank New Zealand – A part of international Rabobank Group, Netherlands. Rabobank is currently the third largest lender to primary producers in New Zealand and the second largest in Australia.
- Reserve Bank of New Zealand (RBNZ) – 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. SBS officially received bank registration on October 7, 2008.
- The Co-operative Bank (formerly known as PSIS)
- TSB Bank – A nationwide bank based in New Plymouth. The Bank's assets amounted to $5.236 billion as of September 30, 2012. TSB Community Trust is the owner and sole shareholder of TSB Bank Limited.
- 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. Total number of registered banks = 22
| Name |
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 India (New Zealand) |
31.03.2011 |
- |
- |
- |
| 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 |
| Heartland Bank |
17.12.2012 |
- |
- |
- |
| 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 |
| The Co-operative Bank |
26.10.2011 |
- |
- |
- |
| 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; ratings as of June 2010
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