Company Overview of Bank of New Zealand
Bank of New Zealand provides various banking products and services to individuals, businesses, and institutional customers in New Zealand. The company’s personal banking services include various savings accounts, term deposits, and portfolio investment entity accounts; home loans and mortgages; personal loans; credit cards; insurance products, such as house, contents, vehicle, boat, health, life, travel, and funeral insurance; and international and migrant services, including travel money, payments, telegraphic transfer, and foreign currency call accounts. Its business banking services comprise transaction and call accounts, New Zealand dollar term deposits and foreign currency term deposits...
80 Queen Street
Founded in 1861
Key Executives for Bank of New Zealand
Chief Executive Officer and Managing Director
Head of Technology and Operations
Chief Executive of Building Research
Senior Business Manager of Major Client Group
Compensation as of Fiscal Year 2014.
Bank of New Zealand Key Developments
Bank of New Zealand to End Airpoints Partnership with Air New Zealand
Mar 19 15
Bank of New Zealand is set to end its GlobalPlus rewards partnership with Air New Zealand on 30 April 2015. As a result, BNZ customers will not earn Air New Zealand Airpoints through spending on their credit cards. Following the termination of the agreement, BNZ's GlobalPlus products will no longer earn Air New Zealand related benefits, including Airpoints Dollars and Status Points.
Bank of New Zealand Reports Consolidated Unaudited Earnings Results for the First Quarter Ended December 31, 2014
Feb 19 15
Bank of New Zealand reported consolidated unaudited earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported net interest income of NZD 416 million against NZD 400 million a year ago. Total operating income was NZD 542 million against NZD 515 million a year ago. Total operating profit before impairment losses on credit exposures and income tax expense was NZD 327 million against NZD 294 million a year ago. Total operating profit before income tax expense was NZD 323 million against NZD 276 million a year ago. Net profit attributable to shareholders of the company was NZD 232 million against NZD 198 million a year ago. Net cash out flows from operating activities were NZD 929 million against net cash in flows from operating activities of NZD 281 million a year ago.
Bank of New Zealand Announces Group and Parent Cash Flow Results for the Year Ended September 30, 2014
Dec 14 14
Bank of New Zealand announced group and parent cash flow results for the year ended September 30, 2014. For the period, on group basis, net cash flows from operating activities were NZD 1,479 million against NZD 1,824 million a year ago. Acquisition of intangible assets amounted to NZD 59 million against NZD 57 million a year ago. Purchase of property, plant and equipment was NZD 24 million against NZD 44 million a year ago.
For the period, on parent basis, net cash flows from operating activities were NZD 1,115 million against NZD 1,451 million a year ago. Acquisition of intangible assets amounted to NZD 59 million against NZD 57 million a year ago. Purchase of property, plant and equipment was NZD 9 million against NZD 38 million a year ago.
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