April 23, 2014 10:56 PM ET

Banks

Company Overview of Bank of New Zealand

Company Overview

Bank of New Zealand provides a range of financial products, services, and advice to individuals, businesses, corporates, and large charitable organizations in New Zealand. Its personal banking services include various savings accounts, term deposits, and portfolio investment entity accounts; home loans and mortgages; personal loans; credit cards; insurance products, such as house, contents, vehicle, boat, health, life, travel, and credit and loan insurance; and international and migrant services, including travel money, payment, telegraphic transfer, and foreign currency call accounts and term deposits. The company’s business banking services comprise transaction and call accounts, NZ dollar...

Wellington Mail Centre

Private Bag 39806

Wellington,  

New Zealand

Founded in 1861

Key Executives for Bank of New Zealand

Chief Executive Officer
Chief Financial Officer
Head of Technology and Operations
Chief Executive of Building Research
Non Executive Director and Chief Executive Officer of National Australia Bank Limited
Age: 45
Compensation as of Fiscal Year 2013.

Bank of New Zealand Key Developments

National Australia Bank Announces Executive Changes

National Australia Bank announced that Anthony Healy has been appointed Managing Director and Chief Executive Officer of Bank of New Zealand (BNZ). Mr. Healy will replace Andrew Thorburn who has been appointed to become Group Chief Executive Officer of the National Australia Bank in August 2014. Mr. Healy's appointment to the role is effective from 12 May 2014, and he will also join National Australia Bank's Group Executive Management Committee. His appointment is subject to regulatory approval.

Bank of New Zealand Announces Consolidated and Company Earnings Results for the Year Ended September 30, 2013

Bank of New Zealand announced consolidated and company earnings results for the year ended September 30, 2013. For the year, on consolidated basis, net interest income was NZD 1,565 million against NZD 1,503 million a year ago. Total operating income was NZD 1,905 million against NZD 1,644 million a year ago. Total operating profit before income tax expense was NZD 949 million against NZD 789 million a year ago. Net profit attributable to shareholders of the company was NZD 695 million against NZD 580 million a year ago. Net cash flows from operating activities were NZD 1,824 million against NZD 3,335 million a year ago. Interest income was NZD 3,716 million compared to NZD 3,693 million for the last year. For the year, on company basis, net interest income was NZD 1,487 million against NZD 1,426 million a year ago. Total operating income was NZD 1,906 million against NZD 1,563 million a year ago. Total operating profit before income tax expense was NZD 938 million against NZD 674 million a year ago. Net profit attributable to shareholders of the company was NZD 709 million against NZD 497 million a year ago. Net cash flows from operating activities were NZD 1,451 million against NZD 2,941 million a year ago. Interest income was NZD 4,077 million compared to NZD 4,044 million for the last year.

BNZ Announces Retirement of Ed Johnson from the Board of Directors, Effective June 01, 2013

BNZ has announced Ed Johnson's retirement from the BNZ board of directors, effective 1 June 2013. Ed was appointed to the BNZ board in April 2002 and has made a significant contribution to the board, both as a director and as chair of the New Zealand regional audit committee.

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