Banks in New Zealand


ANZ	ASB	BNZ	RBNZ	Westpac

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