 | This article contains promotional content. (July 2022) |
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| Company type | Public bank |
|---|---|
| Founded | May 2001 |
| Headquarters | Auckland, New Zealand |
Key people | |
| Products | Banking and financial services |
Number of employees | 2500+ |
| Rating | AA (Fitch), A1 (Moody's)[3] |
| Website | www |
Kiwibank Limited is a New Zealand state-owned bank and financial services provider. As of 2023, Kiwibank is the fifth-largest bank in New Zealand by assets, and the largest New Zealand-owned bank, with a market share of approximately 9%.[4] In December 2023, the bank's assets totaled about $35 billion.[5]
Kiwibank was established in 2001 by the Fifth Labour Government of New Zealand, following a proposal by then Deputy Prime Minister Jim Anderton, to set up a locally-owned bank capable of competing with the Big Four Australian banks which dominated the domestic market. Initially, it operated as a subsidiary of New Zealand Post, with branches originally co-located within PostShops (post offices) to ensure nationwide accessibility.[6]
- ^ a b "Kiwibank appoints Steve Jurkovich as new boss". The New Zealand Herald. 26 April 2018. Retrieved 2 January 2019.
- ^ "Our leaders | Who we are".
- ^ "Kiwibank Limited". Reserve Bank of New Zealand Bank Financial Strength Dashboard. Retrieved 6 November 2024.
- ^ "New Zealand's government transfers Kiwibank assets to new company". Reuters. Retrieved 23 April 2024.
- ^ "Kiwibank accounted for 25% of all bank mortgage lending in Dec half year – Good Returns". www.goodreturns.co.nz. Retrieved 24 April 2024.
- ^ "The local bank that could: 20 years of Kiwibank". 25 February 2022.