Bank of new zealand
The Bank of New Zealand logo used between 2008 and 2010
- 1992: National Australia Bank (NAB) purchased the BNZ and the BNZ becomes a subsidiary of the Australian bank.
- 1992: First call centre opened in Auckland
- 1998: Head office moves to Auckland.
- 1999: BNZ launched Internet Banking.
- 1999: BNZ Private Bank launched.
- 2000: 192 branches, 5562 staff.
- 2008: 1 October: The bank rebrands itself and changes its name into 'BNZ' the bank also had a change in logo and colours. [ 4 ]
Core business functions Edit
Retail banking Edit
For retail customers, Bank of New Zealand offers a range of products and services that include savings and investments, home loans, credit cards, personal loans, insurance and international and migrant banking. [ 5 ] Customers are able to bank using telephone banking, internet banking or by visiting one of 180 branches (called ‘Stores” by BNZ) around New Zealand.
Business banking at
Bank of New Zealand has been branded BNZ Partners and provides a full range of banking services for small, medium or large businesses. Services include transactional bank accounts, investments, loans and finance, card and payment, insurance and international banking services for businesses dealing with exports, imports and foreign exchange. [ 6 ] Bank of New Zealand’s business banking division provides banking staff with specialist knowledge of various industry sectors consisting of Agribusiness, Medical, Professional, Property, Not-for-profit, Franchising and Iwi. [ 7 ]
Bank of New Zealand’s institutional banking division handles banking services for large corporate, financial institutions and government entities. In December 2010, BNZ was appointed as lead arranger for the newly formed Auckland Council’s $600 million syndicated bank loan facility. [ 8 ] In June 2010, BNZ was awarded the contract to provide the Auckland Council with comprehensive transactional services and over-the counter services. [ 9 ]
Main management and administration functions for Bank of New Zealand are located in Wellington and Auckland and the bank operates a nationwide network of 180 retail stores and business centres (branded as Partner Centres). [ 2 ]