List of Banks in New Zealand
Banks in New Zealand are an extremely important component in the country’s economy, stimulating growth through the distribution of funds, providing a secure storage location for both business and individual money, and of course, employing thousands upon thousands of citizens to work in the bank
Banking in New Zealand consists of a range of financial institutions and banks. Such as the Reserve Bank of New Zealand, commercial and merchant banks, trust savings banks and the Postal Savings Bank of New Zealand.
New Zealand Banking Functions
Services provided by commercial banks in New Zealand include:
- Deposits to and from bank accounts
- Loans to citizens and businesses
- Savings accounts and term deposits
- Mortgages
- Processing transactions in foreign currencies
- Supporting international trade operations and
- Allowing overseas transfers through the use of SWIFT codes
Banks in New Zealand
Industrial and Commercial bank of China