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&sq=Qlik&lang=&file=File:Co-operative_bank_botany.JPG) Botany town centre branch - Auckland in 2014 | |
| Formerly | Public Service Investment Society (PSIS) |
|---|---|
| Company type | Cooperative |
| Industry | Banking |
| Founded | 1928 |
| Headquarters | , |
Number of locations | 26 |
Area served | New Zealand |
Key people | Mark Wilkshire (CEO), Sarah Haydon (Chair) |
| Services | Investments, Loans, Insurance, Bank Accounts |
| Total assets | NZ$3.3305 billion (2022) |
| Owner | Customers (161,000 in 2017) |
Number of employees | 360 |
| Rating | BBB (Fitch, June 2023)[1] |
| Website | www |
The Co-operative Bank is a New Zealand based and registered bank. It provides everyday banking, deposits, savings, loans, insurance and small-business banking throughout the country.
Originally set up in 1928 as the Public Service Investment Society and subsequently renamed PSIS, the Co-operative Bank became a registered bank in October 2011.[2] As of 2017[update] the bank has around 161,000 customers throughout New Zealand.
As a co-operative the Bank is owned by its customers and its main purpose is to benefit the customers. In July 2019[update] The Cooperative Bank paid $2.1 million of surplus profit back to its customers. Since 2013 it has paid back over $12 million to its members.
- ^ "The Co-operative Bank Limited". Reserve Bank of New Zealand Bank Financial Strength Dashboard.
- ^ "New Zealand's newest registered bank unveiled". The New Zealand Herald. 26 October 2011. Retrieved 26 October 2011.