ANZ Bank New Zealand
ANZ New Zealand is New Zealand’s largest financial services group and is a subsidiary of Australia and New Zealand Banking Group Limited of Australia. ANZ New Zealand operateduntil 2012 under the legal entity ANZ National Bank Limited which was formed as part of the 2003 merger of ANZ and The National Bank of New Zealand. From late October 2012, the company was renamed ANZ Bank New Zealand as part of the merger of the ANZ and National Bank brands. ANZ New Zealand operates under a variety of different brands, such as ANZ, UDC Finance, EFTPOS New Zealand, Bonus Bonds and Direct Broking. It provides a number financial services, including banking services, asset finance, investments and payment solutions.
ANZ New Zealand is now the sole owner of ING New Zealand Limited which was part of ING, who provide investment advice for the investment and insurance products sold by ANZ and The National Bank. ING New Zealand Limited changed its name to OnePath Limited in November 2010.
On 26 September 2012, CEO David Hisco announced that the National Bank would be rebranded as ANZ by the end of October. The name of the company will change to ANZ Bank New Zealand Limited. The technology of the two banks was brought together from 29 October 2012, with customers being able to use branches branded ANZ or the National Bank from the same date. Branches branded the National Bank will be changed to the ANZ branding before the bank's trademark license expires in 2014.
Read more about ANZ Bank New Zealand: Subsidiaries, Shareholdings, History, Criticism
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