Kiwibank
| Company type | Public bank |
|---|---|
| Founded | May 2001 |
| Headquarters | Auckland, New Zealand |
Key people |
|
| Products | Banking and financial services |
Number of employees | 2500+ |
| Rating | AA (Fitch), A1 (Moody's) |
| Website | www |
Kiwibank Limited is a New Zealand state-owned bank and financial services provider. As of 2023, Kiwibank is the fifth-largest bank in New Zealand by assets, and the largest New Zealand-owned bank, with a market share of approximately 9%. In December 2023, the bank's assets totaled about $35 billion.
Kiwibank was established in 2001 by the Fifth Labour Government of New Zealand, following a proposal by then Deputy Prime Minister Jim Anderton, to set up a locally-owned bank capable of competing with the Big Four Australian banks which dominated the domestic market. Initially, it operated as a subsidiary of New Zealand Post, with branches originally co-located within PostShops (post offices) to ensure nationwide accessibility.