Bank Of New Zealand

Bank of New Zealand - Wikipedia, the free encyclopedia
... account of the New Zealand Government from ... 1945: Nash Government introduces the Bank of New Zealand Bill. ... Bank of New Zealand. BNZ Markets Website ...
en.wikipedia.org

Reserve Bank of New Zealand - Wikipedia, the free encyclopedia
The Reserve Bank of New Zealand does not offer financial services to the public ... 4 Supervision of the New Zealand Banking system by the Reserve Bank. 4.1 History ...
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Farm First Growth Programme - Bank of New Zealand
The Bank of New Zealand Agribusiness Farm First Growth Programme consists of a ... a Bank of New Zealand customer - anyone ... © Bank of New Zealand 2001-2006. ...
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Bloomberg.com: Australia & New Zealand
Bank of New Zealand accelerated the replacement of its 20 Diebold Inc. ... Bank of New Zealand has urged ATM users to cover their hand while entering their ...
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{{Infobox_Company | company_name = Bank of New Zealand | company_logo = ] | company_type = [Privately held company| foundation = 2 December [ | location = [Auckland, New Zealand| products = Banking and financial services| parent = [National Australia Bank| homepage = http://www.bnz.co.nz/ BNZ| -->

Bank of New Zealand (BNZ) is one of New Zealand's largest banks. The first branch opened in Dunedin on 2 December 1861. BNZ is now owned by National Australia Bank.

For a large part of New Zealand's history the banking industry was divided between Trading and Savings Banks. The BNZ being a Trading Bank.

BNZ is a 25% shareholder in Loyalty New Zealand Limited, the operator of Fly Buys (New Zealand) in New Zealand and provides benefits to customers through it.

BNZ is the only bank in New Zealand to have its own Bank of New Zealand Museum.

Government bail out The bank fell into trouble after a drive to become a global bank failed after the worldwide stock market crash of 1987.

In 1990 the newly elected Fourth National Government of New Zealand was forced to mount a $380 million rescue bid after a previous cash injection proved insufficient, and avoid the potential ramifications of the collapse of the country's (at the time) largest bank .

History

1861: New Zealand Banking Company formed as a private company by the The New Zealand Bank Act 1861 creating the company and authorising it to issue banknotes . First branch in New Zealand opened in Queen Street in Auckland. Dunedin branch opens shortly afterward.
1862: Wellington, Christchurch and London branches opened. Gained the banking account of the New Zealand Government from the ANZ New Zealand and became an agent to raise debt in the United Kingdom for the Government.
1940: £1 million interest free loan as a war contribution to the Government. The 74 women in the company rise to more than 700 by 1945
1943: Mobile branch opened in a caravan for American servicemen, Night banking introduced in Auckland and Wellington.
1944: Personal loans department opened. Government announces intention to nationalise the bank.
1945: Nash Government introduces the Bank of New Zealand Bill. Once passed the Government paid £7,933,000 in cash, transferable stock, and tax-free stock to the Bank's 8,500 shareholders for their shares. The average holding was 495 shares
1966 - First computer purchased an IBM 360/30 with a 16k memory and set up Databank Systems Ltd.
1978: VISA (credit card) debit card introduced.
1980: Visa credit cards introduced.
1984: BNZ Centre completed on Willis Street, Wellington
1985: EFTPOS introduced through petrol stations in a pilot program.
1987: Bank floated on sharemarket with a 15% stock offering.
1989: Government reduces its share to 51% by selling 34%; with 30% sold to Capital Markets Ltd, and the remainder to the general public
1990: Government bail out of $380 million to avoid collapse
1992: BNZ purchased by National Australia Bank Group, First call centre opened in Auckland
1998: Head office moves to Auckland.

External links

Bank of New Zealand

ja:ニュージーランド銀行