The Reserve Bank today registered Bank of China to provide banking services in New Zealand.
Bank of China Limited is incorporated in the People’s Republic of China and will operate in New Zealand as a branch.
A New Zealand subsidiary of the Bank of China, Bank of China (New Zealand) Limited, has been registered to provide banking services in New Zealand since November 2014.
There are now 26 registered banks in New Zealand.
Register of registered banks in New Zealand
There are currently 26 registered banks.
Under section 69 of the Reserve Bank of New Zealand Act, the Reserve Bank must keep a public register of registered banks and this is provided below.