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Wallets/westpac-nz

Westpac NZ

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Key details

  • Parent: assets after ANZ NZ

Overview

Westpac NZ is Westpac Banking Corporation Australian parent ASX: WBC + New Zealand commercial bank subsidiary + New Zealand's #2 commercial bank by assets after ANZ NZ + ~1.3M+ NZ customers 1, New Zealand report.

History

1861 — Bank of New South Wales New Zealand branch opens distinctive New Zealand banking heritage.

Nov 1 2006 — Westpac New Zealand Limited locally incorporated.

2011 — Westpac NZ mobile banking app launch.

Ownership & operator

Operating entity: Westpac New Zealand Limited (Westpac Banking Corporation Australian parent subsidiary).

Major shareholders: Westpac Banking Corporation (ASX: WBC; Australia's #4 bank by assets) fully owned.

Regulators: RBNZ + FMA NZ.

Technical integration

Westpac NZ mobile app (iOS + Android; ~1.3M+ NZ customers) + westpac.co.nz online + Westpac NZ branch network across New Zealand + Westpac NZ Visa + Mastercard cards; NZ IBAN + NZ BSB.

Implementations & partners

Westpac parent: Westpac Mobile App (Westpac Australia; ASX: WBC; Australia's #4 bank by assets; ~13M+ Australian + New Zealand customers).

Major New Zealand banking + payments competitors: ANZ New Zealand (ANZ New Zealand; ANZ Banking Group Australian parent subsidiary; New Zealand's #1 commercial bank by assets) + ASB Bank (ASB Bank; CommBank Australian parent subsidiary; New Zealand commercial bank) + BNZ Bank of New Zealand (BNZ Bank of New Zealand; NAB Australian parent subsidiary; New Zealand commercial bank) + Kiwibank (Kiwibank; New Zealand state-owned commercial bank by NZ Post + ACC + NZ Super Fund) + TSB Bank (New Zealand) (TSB Bank New Zealand; New Zealand mutual commercial bank) + Heartland Bank (New Zealand) (Heartland Bank New Zealand commercial bank) + The Co-operative Bank (The Co-operative Bank New Zealand cooperative bank) + Rabobank NZ (Rabobank NZ; Rabobank Group Dutch parent NZ subsidiary).

Regulators: RBNZ + FMA NZ.

Status

Active, Westpac Banking Corporation Australian parent ASX:WBC + New Zealand commercial bank subsidiary + New Zealand's #2 commercial bank by assets after ANZ NZ + ~1.3M+ NZ customers 1, 2.

Sources

Source

Biography extracted from westpac-nz.md. See matrix.md for standards-support matrix if present.

source · content/wallets/westpac-nz/index.md