Bank of New Zealand
| Company type | Subsidiary |
|---|---|
| Industry | financial sector |
| Founded | 2 July 1861 |
| Headquarters | Auckland, New Zealand |
Key people | Dan Huggins (CEO) |
| Products | Banking services, loans and saving services |
Number of employees | 5,000 (2013) |
| Parent | National Australia Bank |
| Rating | AA− (S&P) |
| Website | www |
Bank of New Zealand (BNZ) is one of the four largest banks in New Zealand. Established in 1861, it provides retail, business, and institutional banking services through a nationwide branch and digital network. Since 1992, BNZ has operated as a subsidiary of the Australia-based National Australia Bank (NAB), while retaining a New Zealand board of directors. Headquartered in Auckland, the bank has played a central role in the country’s financial system, including periods of government ownership during the late 20th century. Today, BNZ remains a major participant in New Zealand’s banking sector, with a market share comparable to its three main competitors ANZ, ASB, and Westpac.
The Bank of New Zealand in Australia (BNZA) is a former entity, now owned by NAB.