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July 02, 2015 9:24 AM ET

Banks

Company Overview of Bank of New Zealand

Company Overview

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

Level 4

Auckland,  1010

New Zealand

Founded in 1861

Phone:

64 9 375 1300

Fax:

64 9 375 1023

Key Executives for Bank of New Zealand

Chief Executive Officer and Managing Director
Chief Financial Officer
Head of Technology and Operations
Chief Executive of Building Research
Senior Business Manager of Major Client Group
Compensation as of Fiscal Year 2015.

Bank of New Zealand Key Developments

Bank of New Zealand Announces Executive Changes

Bank of New Zealand announced that Mr. John Waller will retire as Chairman of Bank of New Zealand (BNZ) on 31 July 2015. The company announced Doug McKay has been appointed as the Chairman of BNZ from August 01, 2015. Mr. McKay has been a non-executive director of BNZ since March 2013.

Bank of New Zealand Launches New Payclip Technology with Enhanced Card Reader

Bank of New Zealand, or BNZ, has enhanced BNZ's PayClip technology, which transforms smartphones into mobile credit and debit card payment devices. PayClip is a portable card reader that pairs with most Android and Apple smartphones, allowing businesses to quickly and securely receive payment from EFTPOS, Visa and MasterCard cards wherever they have access to data (3G, 4G or Wi-Fi). BNZ's head of small business, Harry Ferreira is pleased to roll-out this enhanced technology, which helps small and medium-sized businesses get paid quickly when they're on the move. The separate device has replaced the previous PayClip card reader attached to smartphones via the audio jack. Existing customers have upgraded to new PayClip in recent weeks and from now PayClip is available to new customers.

BNZ Announces Earnings Results for the Six Months Ended March 31, 2015

BNZ announced earnings results for the six months ended March 31, 2015. The firm said that its half-year profit has risen almost 28%. Income increased nearly 17% and expenses dropped compared to the same period last year. Profit rose USD 109 million, or 27.7%, to USD 502 million, from USD 393 million in the same period of last year. The firm said that its interest income had increased by 6% to USD 850 million.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
March 24, 2015
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