Story: Banking and finance



Kiwibank was set up in 2001, a product of Minister of Economic Development Jim Anderton’s determination to have a nationwide New Zealand-owned and operated bank established. The bank used the network of government-owned post offices as a platform. It aimed to challenge the overwhelming dominance of the Australian-owned and other overseas-owned banks, which accounted for around 80% of New Zealand banking business.

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Alexander Turnbull Library
Reference: DX-023-019
Cartoon by Ashley W. Smith

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

David Tripe, 'Banking and finance - Banking and finance since 1984', Te Ara - the Encyclopedia of New Zealand, (accessed 22 June 2024)

Story by David Tripe, published 11 Mar 2010