here . for other uses see bnz . bank of new zealand type subsidiary founded 2 july 1861 headquarters auckland new zealand products banking financial and saving services parent national australia bank website www.bnz.co.nz bank of new zealand bnz is one of new zealand s largest banks and has been operating continuously in the country since the first office was opened in auckland in october 1861 followed shortly after by the first branch in dunedin in december 1861 . 1 the modern day bank operates a variety of financial services covering retail business and institutional banking and employs over 5000 people in new zealand . in 1992 the bank was purchased by the national australia bank and is today operated as a subsidiary but it retains local governance with a fully empowered new zealand board of directors . 2 contents 1 history 2 core business functions 2.1 retail banking 2.2 business 2.3 institutional 3 operations 4 sustainability 5 arms 6 references 7 external links history edit this section contains embedded lists that may be better presented using prose . you can help by converting the list or lists to prose if appropriate . editing help is available . april 2016 learn how and when to remove this template message the original bank of new zealand logo used for 147 years until 1 october 2008 1861 the bank of new zealand formed as a private company and incorporated by the new zealand bank act 1861 3 creating the company and authorising it to issue banknotes . first branch in new zealand opened in queen street in auckland and a dunedin branch is opened shortly afterward . 1862 wellington christchurch and london branches opened . gained the banking account of the new zealand government from the union bank and became an agent to raise debt in the united kingdom for the government . 1894 the bnz saved by government legislation in june . 1895 the bnz takes over the colonial bank which was in crisis . 1940 1 million interest free loan as a war contribution to the government . the 74 women in the company rise to more than 700 by 1945 . 1943 mobile branch opened in a caravan for american servicemen night banking introduced in auckland and wellington . 1944 personal loans department opened . government announces intention to nationalise the bank . 1945 nash government introduces the bank of new zealand bill . once passed the government paid 7 933 000 in cash transferable stock and tax free stock to the bank s 8 500 shareholders for their shares . the average holding was 495 shares . 1966 first computer purchased an ibm 360 30 with a 16k memory ; databank systems ltd setup in 1967 with the national bank of new zealand ; the other three trading banks join in 1968 . 1978 visa debit card introduced . 1980 visa credit cards introduced . 1984 bnz centre completed on willis street wellington . 1985 eftpos introduced through petrol stations in a pilot program . 1987 bank floated on sharemarket with a 15 % stock offering . 1989 government reduces its share to 51 % by selling 34 % ; with 30 % sold to capital markets ltd and the remainder to the general public 1990 government bail out of 380 million to avoid collapse . the bank of new zealand logo used between 2008 and 2010 1992 national australia bank nab purchased the bnz and the bnz becomes a subsidiary of the australian bank . 1992 first call centre opened in auckland . 1998 head office moves to auckland . 1999 bnz launched internet banking . 1999 bnz private bank launched . 2000 192 branches 5562 staff . 2008 1 october the bank rebrands itself and changes its name into bnz the bank also had a change in logo and colours . 4 core business functions edit retail banking edit for retail customers bank of new zealand offers a range of products and services that include savings and investments home loans credit cards personal loans insurance and international and migrant banking . 5 customers are able to bank using telephone banking internet banking or by visiting one of 180 branches called stores by bnz around new zealand . business edit business banking at bank of new zealand has been branded bnz partners and provides a full range of banking services for small medium or large businesses . services include transactional bank accounts investments loans and finance card and payment insurance and international banking services for businesses dealing with exports imports and foreign exchange . 6 bank of new zealand s business banking division provides banking staff with specialist knowledge of various industry sectors consisting of agribusiness medical professional property not for profit franchising and iwi . 7 institutional edit bank of new zealand s institutional banking division provides wholesale banking services for large corporate financial institutions and government entities . these cover a wide range of sectors including primary industries ; manufacturing and retailing ; energy ; utilities ; telecommunications and infrastructure ; property ; local government ; health ; and education . in december 2010 bnz was appointed as lead arranger for the newly formed auckland council s 600 million syndicated bank loan facility . 8 in june 2010 bnz was awarded the contract to provide the auckland council with comprehensive transactional services and over the counter services . 9 operations edit main management and administration functions for bank of new zealand are located in wellington and auckland and the bank operates a nationwide network of 180 retail stores and business centres branded as partner centres . 2 sustainability edit in july 2010 bank of new zealand became the first bank in new zealand to become carbon neutral . the achievement was announced in september 2010 after a three year initiative to reduce emissions through greater energy and vehicle efficiency encouraging changed behaviour by employees at work and at home and through offsetting of unavoidable emissions by purchasing quality carbon credits . 10 the most visible aspect of the initiative came through the construction of three brand new energy efficient buildings to house the bulk of the company s management and administration staff . two of these building are located in the auckland cbd one at quay park and the other at 80 queen street . the third is the harbour quays complex on the wellington waterfront . 11 the deloitte centre at 80 queen street was tagged the greenest building in the land 12 after it became the first building in new zealand to receive three five green stars awards . 13 the bnz quay park building was nominated for a best design award in 2008 for offices and workplace environments . 14 arms edit arms of bank of new zealand notes the arms of bnz consist of 15 crest on a wreath of the colours standing on a mount of earth with ferns proper growing thereon a kiwi or . not shown here is the crest which sits above the shield . a wreath of the colours is a twisted piece of material the colours of the shield ; i.e. blue and gold . above that is a mound of earth with new zealand ferns growing upon it . standing on the earth is a gold or kiwi bird . escutcheon azure within two chevonels or five bezants in chief three mullets chevronwise and one in the base argent . what the description means . the shield or escutcheon is the first part mentioned . azure means blue so the shield is blue . a chevonel is similar to an inverted v and there are two of these and their colour is or which means gold . gold is usually shown as yellow in drawings . between the two chevonels are five bezants which are round disk like shapes often representing coins . no colour is stated as bezants by definition are gold or . the chief is the upper part of the shield . a mullet is a five pointed star and there are three of these in the chief . chevronwise means that the three are placed similar to a chevron ; i.e. one above and two lower . the base is the bottom of the shield and one star is placed there . the four stars are coloured argent which is silver or white as usually depicted . references edit history . bnz . retrieved 2015 10 31 . a b get to know us . bnz . retrieved 2015 10 31 . bank of new zealand act 1861 24 and 25 victoriae 1861 no 1 . retrieved 20 april 2016 . bnz rebranding thank the pigs . national business review . 1 october 2008 . archived from the original on 8 february 2009 . retrieved 2009 01 17 . personal banking bnz . retrieved 20 april 2016 . international . bnz . retrieved 2015 10 31 . agribusiness . bnz . retrieved 2015 10 31 . udanga romy 24 december 2010 . auckland council secures 600m rainy day stash . stuff.co.nz . retrieved 17 september 2011 . bnz and postshop chosen for auckland council s services . stuff.co.nz . 22 june 2010 . retrieved 17 september 2011 . bnz becomes carbon neutral . stuff.co.nz . 30 september 2010 . retrieved 17 september 2011 . protecting our environment . bnz . retrieved 2015 10 31 . crossley jazial 2 november 2010 . the greenest building in the land . national business review . retrieved 17 september 2011 . http www.nzgbc.org.nz main greenstar elaboration about best awards 2008 . archived.bestawards.co.nz . retrieved 2015 10 31 . low charles 1971 . a roll of australian arms . adelaide rigby limited . p. 12 . isbn 0 85179 149 2 . external links edit wikimedia commons has media related to bank of new zealand . bank of new zealand history ; the 1894 government bailout & 1895 takeover of colonial bank v t e national australia bank group brands national australia bank ubank mlc bank of new zealand plum financial services corporate directors michael chaney chairman patricia cross peter duncan danny gilbert kerry mcdonald paul rizzo jillian segal john stewart john thorn geoffrey tomlinson michael ullmer malcolm williamson v t e banks of new zealand current banks anz asb bankdirect bank of new zealand the co operative bank heartland bank hsbc kiwibank rabobank rabodirect sbs bank tsb bank westpac italics in the above indicate domestic ownership former banks nationwide service post office savings bank trust bank countrywide bank national bank regional trustee banks bay of plenty savings bank canterbury savings bank eastern & central savings bank otago savings bank south canterbury savings bank southland savings bank waikato savings bank wanganui savings bank wellington savings bank westland savings bank retrieved from https en.wikipedia.org w index.php title bank of new zealand & oldid 737590544 categories privately held companies of new zealandcompanies based in auckland1861 establishments in new zealandbank of new zealandnew zealand subsidiaries of foreign companieshidden categories use dmy dates from september 2015use new zealand english from september 2015all wikipedia articles written in new zealand englishpages using infobox company with unsupported parametersarticles needing cleanup from april 2016all pages needing cleanuparticles with sections that need to be turned into prose from april 2016commons category with local link same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschespa olesperanto edit links this page was last modified on 3 september 2016 at 20 41 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and