ANZ New Zealand

From Wikicompany

ANZ Banking Group (New Zealand) is one of New Zealand's leading banking and financial groups. It is also a subsidiary of the ANZ Bank Group of Australia and the oldest bank in New Zealand.

History

• 1840: Union Bank of Australia (UBA), a British bank with head office in London, agreed with the New Zealand Company to accompany settlers to New Zealand to provide them with banking services. UBA opened a branch in Petone, across the harbor from Wellington, where it transferred the branch shortly thereafter.
• 1848: UBA opened a branch in Auckland, and a small number of branches elsewhere in the country followed.
• 1864: Bank of Australasia, another London-based bank, opened branches in Auckland, Dunedin and Christchurch.
• 1951: UBA and the Bank of Australasia merged to become the Australia and New Zealand Bank.
• 1970: ANZ Bank merged with a third London-based bank, the English, Scottish and Australian Bank, to form ANZ Banking Group.
• 1976: ANZ moved its corporate headquarters to Melbourne, Australia.
• 1979: An Act of Parliament permitted ANZ to incorporate its branches in New Zealand as ANZ Banking Group (New Zealand) Ltd. ANZ sold 25% of the shares to the public.
• 1989: ANZ bought PostBank from the New Zealand government in a privatization. Two years earlier the Government had separated the Post Office's banking business into a separate entity to prepare it for sale.
• 2003: ANZ NZ bought National Bank of New Zealand from Lloyds TSB.

External link

• ANZ New Zealand

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