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Professional Banker Magazine:
National Bank of New Zealand
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National Bank of New Zealand is one of the biggest foreign banks operating in New Zealand having strong fundamentals with regard to capital adequacy, asset quality and profitability. It finances substantially to agricultural and mortgage sector. Its non-performing assets are very low at 0.2% and it is an active player in SME sector financing as well.

The bank is the country's largest, both in terms of total assets and in terms of total mortgage-secured lending. Its vision is to establish itself as the leading bank in New Zealand by delivering quality products and services to its customers. Founded in 1872 in London and later incorporated in New Zealand, the National Bank of New Zealand is one of the leading financial services provider in New Zealand.

The bank along with its subsidiaries provide a comprehensive range of domestic and international banking and financial services. It is rated as AA- and A+ by the credit rating agencies like Standard & Poor's and Moody's, clearly indicating its strength to meet debt obligations. National Bank can also be found at the top of customer satisfaction surveys of the five big banks conducted by the University of Auckland. It has a varied range of product portfolio ranging from current accounts, savings and term investments, international services such as currency conversion, investment services, private banking, insurance, investment advisory and portfolio management services, business and rural banking.

 
 

National Bank, New Zealand, biggest, foreign banks, strong fundamentals, capital adequacy, asset quality, profitability, agricultural, mortgage, non-performing assets, 0.2%, player, SME sector, total assets, total mortgage-secured lending, quality products and services, financial services, domestic and international banking, credit rating agencies, customer satisfaction surveys, current accounts, savings and term investments, international services, currency conversion, investment services, private banking, insurance, investment advisory and portfolio management services, business and rural banking.