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Article: For the record: recent press releases. (News Releases).(Reserve Bank of New Zealand)(multiple brief articles)(Brief Article)(Statistical Data Included)
- Article from:
- The Reserve Bank of New Zealand Bulletin
- Article date:
- March 1, 2002
CopyrightCOPYRIGHT 2002 Reserve Bank of New Zealand. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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New bank registered
29 November 2001
The Reserve Bank today announced that it had registered New Zealand Post Financial Services Limited as a bank, which allows it to test its systems and procedures in anticipation of opening for business early next year.
New Zealand Post Financial Services Limited has previously announced that it intends to operate under the name "Kiwibank".
Reserve Bank Deputy Governor Rod Carr commented: "This registration is unusual, in that it is the first in many years in which a new bank is being created from scratch. In recent years all other registrations have been by existing overseas banks or financial ...