User:Duncnbiscuit/Westpac New Zealand

Westpac New Zealand


Westpac New Zealand is a New Zealand subsidiary of Westpac Banking Group. The bank provides retail, business, agribusiness and institutional banking. With Kiwisaver and wealth management provided by its subsidiary BTNZ. Westpac NZ also provides banking services for the New Zealand government. The bank's main headquarters is 16 Takutai Square in Auckland. Along with other headquarters in Wellington and Christchurch the bank has regional banking centres and a branch network covering New Zealand. Westpac NZ was founded in 1988 following WBG's aquisition of Trust Bank. Orginally trading as WestpacTrust the bank was rebranded as Westpac in 1996.

Copy from Westpac article - Westpac New Zealand
On 22 July 2014, the firm announced that it would pilot a host card emulation (HCE) mobile payments technology to customers. It was the first bank in New Zealand to actively bring HCE mobile payments to market and one of only a handful of banks globally to be using the innovative 'digital wallet' technology. The three-month trial, using Carta Worldwide HCE technology, enabled customers to securely store and access credit and debit card information in a remote and hosted 'cloud' environment, enabling customers to use their Android smartphones as digital wallets. Soon after, in August 2014, Westpac NZ announced that it would be releasing the world's first augmented bank app, which adds layers of functionality to the digital wallet by enabling users to check account balances, view previous spending behaviors, pay bills and locate their nearest Westpac NZ branch or ATM. The app is also viewable in a 3D format by supported devices.

Banking Statistics

 * NIM
 * NPS
 * banking ombadsman
 * RBNZ
 * Capital Adequacy - Total capital ratio
 * Liquidity - Core Funding Ratio
 * Credit Exposure - Top 5 credit exposures to non-bank counterparties
 * Total Assets
 * Return on Assets
 * Total non-performing loans ratio
 * Credit rating
 * S&P
 * Finch
 * Moody's

Services
* WIB * WBC NZ  * BTNZ * life - Fidelity Life * general - IAG
 * Retail banking
 * SME banking
 * Agribusiness
 * Institutional/corporate banking
 * Kiwisaver and Wealth Management
 * banker for the NZ Government
 * Insurance

Board, shareholders, etc




History
Westpac Banking Corporation Act 1982
 * Legislation
 * 2000 Merger

Merger CEO resigns -
 * 2002 WestpacTrust

Name change -

1st female CEO of an NZ Bank

In October 2009, Westpac NZ was required to pay NZ$961 million to the Inland Revenue Department (New Zealand) in avoided taxes.
 * 2009 Tax case
 * 2009 Tax case


 * On 29 September 2006 the New Zealand Commerce Commission fined Westpac NZ$5.1 million for hidden foreign transaction fees, with most of the fine being reimbursement to affected customers, in the order of 12% of the fees actually charged. All other banks operating in New Zealand had either already been fined or were awaiting a court case.


 * 2009 $10 million mistake


 * 2013 CEO pay -


 * 2011 Supreme Court ruling on Westpac vs Map ans Associates


 * 2017 RBNZ Compliance -


 * 2021 RBNZ -


 * 2021 divestment -
 * 2021 sale of Life Insurance book to Fidelity Life


 * 2021 AML failure


 * 2021 Cathrine McGrath becomes CEO

Charity, Sponsorship and Naming rights

 * Manage your Money Workshops

Rescue Helicopters
The sponsorship began in 1981 when Westpac sponsored the Wellington helicopter service.


 * Auckland Rescue Helicopter Trust


 * Life Flight (New Zealand)


 * Westpac Chopper Appeal


 * Westpac Rashies

Other Partnerships
In December 2003, the Sir Peter Blake Trust was established, with the support of the Blake family, "to help New Zealanders make a positive difference for the planet through activities that encourage environmental awareness and action, and leadership development."
 * Blake Blake

The Trust has a range of initiatives, including the annual Sir Peter Blake Leadership Awards. These awards consist of the Blake Medal, awarded each year to an outstanding New Zealand leader, and the Sir Peter Blake Emerging Leader Awards, presented annually to six people recognised as younger leaders of considerable potential. Westpac NZ is a Founding Partner of the Blake NZ.

Te Waiu o Aotearoa Trust was established in 1994 and is administered by Westpac New Zealand. It awards scholarships to tertiary students with the aim of promoting the advancement of Māori in the general business, banking and finance industries.
 * Te Waiu o Aotearoa Trust tertiary study scholarships

Naming rights

 * Westpac Stadium in Wellington from 2000 to 2019


 * Westpac New Zealand Franchise Awards


 * Westpac Park Cricket Ground, Hamilton