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The Bank of New Zealand (BNZ) is
one of New Zealand 's largest banks. The first branch opened in Dunedin on 2 December 1861 . BNZ is now owned by National Australia Bank .

For a large part of New Zealand's history the banking industry was divided between Trading and Savings Banks. The BNZ being a Trading Bank.

BNZ is a 25% shareholder in Loyalty New Zealand Limited the operator of Flybuys in New Zealand and provides benefits to customers through it.


History

  • . Dunedin branch opens shortly afterward.

  • and became an agent to raise debt in the United Kingdom for the Government.

  • 1940 : £1 million interest free loan as a war contribution to the Government. The 74 women in the company rise to more than 700 by 1945

  • 1943 : Mobile branch opened in a caravan for American servicemen, Night banking introduced in Auckland and Wellington.

  • the bank.

  • 1945 : - Nash Government introduces the Bank of New Zealand Bill. Once passed the Government paid £7,933,000 in cash, transferable stock, and tax-free stock to the Bank's 8,500 shareholders for their shares. The average holding was 495 shares

  • 1966 - First computer purchased an IBM 360/30 with a 16k memory and set up Databank Systems Ltd .

  • Debit Card introduced.

  • s introduced.

  • 1984 : BNZ Centre completed on Willis Street, Wellington

  • introduced through petrol stations in a pilot program.

  • 1987 : Bank floated on sharemarket with a 15% stock offering.

  • 1989 : Government unloads further 34% with 30% sold to Capital Markets Ltd, and the remainder to the general public

  • 1992 : BNZ purchased by National Australia Bank Group, First call centre opened in Auckland

  • 1998 : Head office moves to Auckland



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