Which Banks Are NZ Owned?

Is Cooperative Bank NZ owned?

As a co-operative the Bank is owned by its customers and its main purpose is to benefit these customers.

In July 2019 The Cooperative Bank paid $2.1 million of surplus profit back to its customers..

What is the best bank in NZ?

TSB BankTSB Bank has the highest customer satisfaction of the nine largest New Zealand banks with 85.3 per cent, followed closely by Kiwibank on 84.8 per cent. These two are well ahead of third placed BNZ (80.9 per cent) and The Co-Operative Bank (80.8 per cent).

What banks are Kiwi owned?

List of BanksCountry / HeadquartersCompany nameParent Co.Auckland, New ZealandANZ Bank New ZealandAustralia and New Zealand Banking GroupAuckland, New ZealandASB BankCommonwealth BankAuckland, New ZealandWestpac New ZealandWestpacSydney, AustraliaWestpac–9 more rows

What is the biggest bank in NZ?

ANZ Bank New Zealand. ANZ New Zealand is easily the largest banking group in the country. … ASB Bank. This Auckland based bank was established more than 170 years ago as Auckland Savings Bank. … Kiwibank. … Bank of New Zealand. … Cooperative Bank. … SBS Bank. … Rabobank New Zealand. … TSB Bank.More items…•

What is the safest bank in NZ?

Our banks are amongst the safest in the world when we look at the credit ratings provided by Standard & Poor’s. The four largest domestic banks, ANZ National, ASB Bank, Bank of New Zealand and Westpac are in the 28 banks out of over 2000 that are rated by Standard & Poor’s, which have a AA rating or better.

Which is richest bank in world?

The Industrial and Commercial Bank of China LimitedThe Industrial and Commercial Bank of China Limited is the wealthiest bank in the world according to market capitalization. It is also ranked as the largest bank in the world when rated by total assets.

What bank should I bank with?

Best Banks and Credit Unions of 2020Financial institutionBest for …Ally BankOverall, customer serviceDiscover BankOverall, cash-back rewardsAlliant Credit UnionOverall, ATM availabilityCapital One 360Overall, flexible overdraft options9 more rows•Jul 2, 2020

How many bank accounts should I have NZ?

The one account to rule them all actually needs to be three. You can cherrypick your accounts from across the banks and credit unions or go for a package from one – like Total Money – but ensure they meet your needs and don’t penalise you for doing banking the way you want to.

Who are the big 4 banks?

Westpac, NAB, Commonwealth Bank and ANZ are called the Big Four, because they’re the biggest banks in Australia.

Who is the CEO of Kiwibank?

Steve Jurkovich (Jul 2018–)Kiwibank/CEOOur Chief Executive Steve Jurkovich provides his weekly update from home and discusses what shifting from level 4 into level 3 will look like for Kiwibank and our customers.

Is kiwibank 100 NZ owned?

Kiwibank is 100% New Zealand-owned. Our parent company, Kiwi Group Holdings (KGH) is owned by New Zealand Post (which holds a 53% stake), the Guardians of the New Zealand Superannuation Fund (25%) and the Accident Compensation Corporation (22%).

Is kiwibank a good bank?

According to Consumer New Zealand, Kiwibank has a customer satisfaction rating of 66 per cent, higher than the big four, but lower than smaller domestic rivals The Co-operative Bank and TSB.

Who owns New Zealand banks?

National Australia BankBank of New Zealand/Parent organizations

Is Kiwi Bank NZ owned?

Kiwibank is owned by the New Zealand Government, with New Zealand Post owning 51% and the Accident Compensation Corporation and New Zealand Superannuation Fund owning the other 49%. The company’s Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010.

Who owns the co operative bank?

The Co-operative BankFormerlyCWS Loan and Deposit Dept.Total equity(£1.57 billion) (2018)OwnerThe Co-operative Bank Holdings LtdNumber of employees2,800 (2018)Websitewww.co-operativebank.co.uk9 more rows

Is the cooperative bank safe?

Is my money safe with the Co-op Bank? The bank says that it is on track to exceed its capital requirements, and that customer money is not at risk. Like all banks, up to £85,000 of customer deposits are protected by the Financial Services Compensation Scheme.

Which bank has most complaints?

Here are the top ten banks with the most CFPB complaints per billions of dollars in deposits, according to LendEdu:Citizens Financial Group. … Fifth Third Bancorp. … Citigroup. … U.S. Bancorp. # of complaints: 2,338. … Comerica. # of complaints: 380. … Wells Fargo. # of complaints: 8,465. … KeyCorp. # of complaints: 670. … Bank of America.More items…•

Where can I earn the most interest on my money?

Which bank should I choose?Take advance of bank bonuses. … Consider certificates of deposits. … Build a CD ladder. … Switch to high-interest savings account. … Consider a rewards checking account. … Check with your local credit union. … Consider buying bonds. … Try a money market account.More items…•