Is Kiwi Bank NZ owned?

Is Kiwi Bank NZ owned?

Kiwibank is 100% New Zealand-owned. Our parent company, Kiwi Group Holdings (KGH) is owned by New Zealand Post (which holds a 53% stake), the Guardians of the New Zealand Superannuation Fund (25%) and the Accident Compensation Corporation (22%).

Is Kiwibank owned by the government?

Kiwibank is owned by the New Zealand Government, with New Zealand Post owning 53%, the Accident Compensation Corporation owning 22% and New Zealand Superannuation Fund owning the remaining 25%. The company’s Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010.

Which banks are NZ owned?

List of Banks

Country / Headquarters Company name Parent Co.
Auckland, New Zealand ANZ Bank New Zealand Australia and New Zealand Banking Group
Auckland, New Zealand ASB Bank Commonwealth Bank
Auckland, New Zealand Westpac New Zealand Westpac
Sydney, Australia Westpac

Is Kiwibank closing down?

Kiwibank branch closures expected, but still devastating for smaller towns. Seven Kiwibank branches are set to close around New Zealand. Branches in Waihi, Waipukurau and Gisborne will close in June while branches in Onehunga and Matamata will close in early December.

What is the best bank in NZ?

TSB
TSB has been named the nation’s favourite bank for the sixth year in a row. The 2021 Consumer New Zealand People’s Choice Award for banking has been won by TSB after customers praised it for being the “best bank in NZ” during the annual industry survey.

Is ASB Bank NZ owned?

ASB Bank, commonly stylised as ASB, is a bank owned by Commonwealth Bank of Australia, operating in New Zealand….ASB Bank.

Type Subsidiary
Industry Banking Financial services Investment services
Founded 5 June 1847 (as Auckland Savings Bank)
Headquarters Auckland , New Zealand
Area served New Zealand

Who is the CEO of Kiwibank?

Steve Jurkovich (Jul 2018–)
Kiwibank/CEO

Which bank in NZ is best?

Can you deposit cash at any ATM?

No, you can’t deposit cash at just any ATM. Not all ATMs are set up to accept deposits. And many banks and credit unions simply won’t let you deposit cash into your account using an ATM they don’t own or have a partnership with. They account for a significant share of the deposit account market, after all.

How do I close my Kiwibank account?

If you no longer require one or all of your accounts, you can either send us a secure mail in internet banking or give us a call. If you choose to close all your accounts, we’ll remove your internet banking access so we encourage you to download any statements from the statement vault.

What is the largest bank in New Zealand?

ANZ Bank
In 2020, the total assets of ANZ Bank in New Zealand amounted to over 177 billion New Zealand dollars, the highest of all major banks in the country. The Reserve Bank of New Zealand registers foreign and domestic banks that operate in New Zealand. As of May 2020, there were 27 registered banks in the country.

How good is Kiwibank?

According to Consumer New Zealand, Kiwibank has a customer satisfaction rating of 66 per cent, higher than the big four, but lower than smaller domestic rivals The Co-operative Bank and TSB.

How secure is Kiwibank?

We use digital certificates from DigiCert that verify that you’re connected to our official internet banking website. These certificates also confirm that all communication between you and Kiwibank is encrypted and therefore secure.

What is the largest bank in NZ?

Largest Banks in New Zealand

Bank Employees Assets (million)
ANZ 9,000 160819.00
ASB 4,907 81606.00
Bank of Baroda 10 91.68
Bank of China 10 514.53

How do I reverse a kiwibank payment?

If you make a payment from your account in error, it may not be possible to stop or reverse the payment once it’s been made. You may only be able to recover such a payment made in error through court action or with the consent of the account holder who received it.