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October 04, 2015 4:45 AM ET


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


64 9 375 1300


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 Reports Unaudited Consolidated Earnings Results for the Nine Months Ended June 30, 2015

Bank of New Zealand reported unaudited consolidated earnings results for the nine months ended June 30, 2015. For the period, the company reported net interest income of NZD 1,294 million against NZD 1,217 million a year ago. Total operating income was NZD 1,812 million against NZD 1,523 million a year ago. Total operating profit before income tax expense was NZD 1,105 million against NZD 831 million a year ago. Net profit attributable to shareholders of the company was NZD 797 million against NZD 598 million a year ago. Negative net cash flows from operating activities was NZD 2,636 million against net cash flows from operating activities of NZD 2,647 million a year ago.

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.

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March 24, 2015

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