National Bank of New Zealand

The National Bank of New Zealand ( NBNZ ) is a New Zealand commercial bank that occurs on their trademark outwardly as an independent bank, but in reality since June 2004 part of ANZ National Bank is that the same market environment with another bank under hallmark of the ANZ Bank New Zealand operates.

History

The National Bank of New Zealand was founded on August 15, 1872 by thirteen influential politicians and businessmen in London, among them Thomas Gore Browne, former Governor of New Zealand, Charles Clifford, former Speaker of the House of Representatives of New Zealand and three other personalities who formerly in New Zealand were active. The headquarters of the company was fixed at London. Your business in the British colony of New Zealand, the Bank but on only one years later. The first stores were opened in Wellington, Auckland and Christchurch, which was chosen for the headquarters of the Bank Wellington.

In November 1873, the National Bank of New Zealand all thirteen branches of operating only in Otago and got into difficulty Bank of Otago. Thus, the Bank had provided a base among the farmers of the South and at the same time benefited from the economic growth of the region, which was caused by the Otago gold rush of 1861. In the same year the bank was assigned the right under the National Bank of New Zealand (Ltd ) Act to be allowed to issue private bank notes.

1875 already has a balance of £ 1,240,781 was recorded, compared to the already active since 1861 Bank of New Zealand, who graduated as the time -largest bank with £ 4,416,515, a brilliant start. 1881 moved to the headquarters of the Bank to Dunedin. Only ten years later, in 1891, the bank was in trouble. Offers to Bank of Australasia and later the Union Bank of Australia to unite, was rejected by both. The National Bank was finally rescued only by the capital increase, the shareholders themselves. After Dunedin economically more towards the north of the country fell back to the end of the century, it was decided to relocate the headquarters in 1894 back to Wellington.

In 1966, the National Bank of New Zealand from Lloyds Bank bought in London. The black horse, which adorns the bank's logo today, got the National Bank of Lloyds as a licensed right of use for the journey, when she moved with its headquarters in 1978 from London to Wellington. After the merger of Lloyds Bank with the equally British Bank, the Trustee Savings Bank ( TSB), in 1995, the SNB as a subsidiary in the new Lloyds TSB with a. This in turn sold the National Bank of New Zealand in June 2004, due to the restructuring of its banking business to Australia and New Zealand Banking Group, then her daughter ANZ Banking Group (New Zealand) brought together with the National Bank of New Zealand to ANZ National Bank but both operate on the New Zealand market banks towards their independence continues Reserve left out.

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All sources of information and links in English

• The Cyclopedia of New Zealand - Volume 1 - Wellington Provincial District, Cyclopedia Company Ltd, Wellington, 1897..
• Prof. Sydney James Butlin, Australia and New Zealand Bank, Longmans, Green and Co Ltd, London, 1961.
• History - The National Bank of New Zealand - ( accessed on 15 Auguste 2009)