The New Zealand Bankers’ Association says SBS Bank and JP Morgan Chase Bank have joined, lifting total membership of the industry body to 12.
Read NZBA's statement below:
SBS Bank (Southland Building Society) and JPMorgan Chase Bank N.A. have joined the New Zealand Bankers’ Association bringing the total number of member banks to 12.
New Zealand Bankers’ Association chief executive Sarah Mehrtens welcomed the two new member banks.
“I am delighted by the decision of both SBS Bank and JPMorgan Chase to join us. It’s a great start for the Association’s 120th anniversary year and strengthens the industry voice of banking in New Zealand,” said Mehrtens.
SBS Bank is New Zealand’s largest building society. It is thought to be the only building society in the world to have achieved bank registration while maintaining its mutual structure of being owned by its members. SBS Bank became a registered bank in October 2008.
JPMorgan Chase is one of the world's leading investment banks. In 2008, the firm expanded its global footprint with the launch of a New Zealand branch in Auckland.
The New Zealand Bankers’ Association helps banks to set industry standards and work together on non-competitive issues. Membership of the Association is open to any bank registered under the Reserve Bank of New Zealand Act 1989.
Other New Zealand Bankers’ Association members are ANZ National Bank, ASB Bank, Bank of New Zealand, Bank of Tokyo-Mitsubishi UFJ, Citibank, Hong Kong and Shanghai Banking Corporation, Kiwibank, Rabobank New Zealand, TSB Bank, and Westpac New Zealand.
4 Comments
Yeah - another 2 jumping jacks on top – very, very important !!
Blogger - you, there is an important issue going on right here in New Zealand - “Pike River” – where are we going in this country with our economy ? Skill, education, better and safe employment – wealth creation or the continuation of modern slavery - dictated by foreigners. Are we running into the next recession with more debts and unaffordability for basic goods - buying power of the population ???
A visionary 100%NZpure economy – making real money – quality of life and environment or just muddling on destroying it – with our unbalanced unstructured and one -sided economy ?
My God people wake up !
Walter old bean...you really should put your energy into encouraging the peasants to avoid the bank credit...if we starve the buggers of their market and get with the thrifty way of life...we might just get somewhere. The trend is underway now. That's why Kiwibank is rebaiting the hooks. Let's make the trend part of the culture.
Agree with you Wolly – idiots endlessly - day in day out talking about properties, %, charts, 120 year anniversary, 2,75% government bonds, SAF, YRT, KLO and other minor BS.
Smiling Auckland Brown sais: Public Transport is great – ohh yes 100% imported. Does he really know what he’s talking about ? How on earth and for how much longer can the government afford such investment ? When do people wake up in this country to reality – people we have to produce in order to afford our life- style and financial independence – that is a highly practical job for the nation - nothing for chair- polishers sitting in Real- Estate offices etc.
Yeah - wait and see PM – when under a series of unpredictable worldwide events our agriculture exports industry and tourism collapses – where does the money come from – where is the buying power of the population, especially for imported goods ?
"When do people wake up in this country to reality"......Walter.....the average reading age in NZ of the adult population is 12 years....you are dreaming if you expect people to develop any financial ability beyond knowing banks lend money and WINZ gives it away.
Seriously....a large % of the population is permanently thick. They sit gawping at garbage on the tv and poodle media editors strive to dumb down text just to sell their rubbish news. The banking mob count on this level of stupidity remaining stable. It is their bread and your butter.
The next generation of idiots is cementing their future serfdom in place playing mindless games on 'new tech' junk. If they are not doing that they are busy 'texting'.
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