Top Banking Financial Services And Insurance Companies in New-Zealand

The Banking, Financial Services & Insurance Industry is a critical sector of the New Zealand economy, contributing around 10% to the country's GDP and employing over 130,000 people, an increase of 1.3% in the number of people employed in the industry compared to the previous year. The industry has experienced steady growth over the past few years, driven by factors such as government initiatives, increasing demand for financial products and services, and technological disruptions.

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ACB - ASIA COMMERCIAL BANK2,422 +84 1900 545486

ACB là một trong những ngân hàng thương mại cổ phần hàng đầu tại Việt Nam, với hệ thống mạng lưới chi nhánh rộng khắp và gần 10.000 nhân viên, cung cấp nhiều sản phẩm, dịch vụ đa dạng.ACB tập trung nguồn lực trong các lĩnh vực: (i) định hướng khách hàng, (ii) quản lý rủi ro, (iii) kết quả tài chính bền vững, (iv) năng suất và hiệu quả, và (v) đạo đức kinh doanh.Các giá trị cốt lõi của ACB đã được xác định là Chính trực, Cẩn trọng, Cách tân, Hài hòa và Hiệu quả, là nền tảng cho các nguyên tắc hành động cũng như chính sách đối với các đối tượng liên quan bao gồm cổ đông, nhân viên, khách hàng, cơ quan quản lý và cộng đồng.ACB được khách hàng đánh giá là một trong các ngân hàng cung cấp sản phẩm, dịch vụ ngân hàng phong phú nhất. Sản phẩm dịch vụ của ACB được thiết kế dựa trên sự nắm bắt nhu cầu của khách hàng và một nền tảng công nghệ thông tin hiện đại. Sản phẩm được cung cấp đến khách hàng thông qua đội ngũ nhân viên chuyên nghiệp được đào tạo bài bản, am hiểu sản phẩm, dịch vụ được khách hàng tin dùng và đánh giá cao về chất lượng sản phẩm, chất lượng dịch vụ.Từ những thành tựu đạt được trong năm 2018, ACB đã được ghi nhận bới các tổ chức trong và ngoài nước với 7 giải thưởng quốc tế và 3 giải thưởng trong nước, gồm: - Top 50 công ty niêm yết tốt nhất Việt Nam- Top 10 báo cáo thường niên tốt nhất 2017- Top 50 công ty kinh doanh hiệu quả- 03 giải Ngân hàng tốt nhất Việt Nam 2017- Ngân hàng tốt nhất về trách nhiệm xã hội 2017- Ngân hàng có hoạt động bán lẻ cách tân nhất Việt Nam 2017- Sản phẩm huy động tốt nhất Việt Nam- Sáng kiến gắn kết nhân viên tốt nhất

BANK OF SYDNEY167 +61 2 8262 9191

At Bank of Sydney, we strive to provide genuine value to our people, customers, communities and partners. We’re a bank that believes in the power of real human connection. We know that one straightforward conversation is better than talking to a machine and being placed on hold. That’s why our friendly, helpful team take the time to understand your situation and needs. The result is strong, enduring relationships with ongoing benefits.You work hard for your money. So we work just as hard for you, to drive success and a better future. At Bank of Sydney, we have relationship managers to help you with your banking needs and retail branches that you can visit in Sydney, Melbourne and Adelaide.We’re definitely not ones to blow our own trumpets, but we’re really proud to have won some of the most prestigious awards in the business. The wins reflect our customer satisfaction levels and 5-star product ratings. Bank of Sydney is an Australian Authorised Deposit-taking Institution (ADI). For your trust and confidence, we’re fully compliant with all our ASIC, AUSTRAC and all other regulatory and prudential requirements, while being a proud member of the Australian Banking Association (ABA). We’re also covered by the Australian Government Guarantee for deposits up to AU$250,000, so you can have peace of mind when banking with us. At Bank of Sydney we look forward to forging strong relationships with customers and community groups who are looking for a personal and rewarding banking experience.

BANK OCBC NISP6,276 +62 1 500 999

Bank OCBC NISP (formerly known as Bank NISP) is the fourth oldest bank in Indonesia, which was founded in April 4th 1941 in Bandung under the name of NV Nederlandsch Indische Spaar En Deposito Bank.Bank OCBC NISP then grown to be a solid and dependable bank, especially in providing service for small business segments. It officially became a commercial bank in 1967, Foreign exchange bank in 1990 and public corporate in Indonesia Stock Exchange in 1994.In the end of 1990, Bank OCBC NISP managed to pass the Asia monetary crisis and the fall of banking industry without any recapitalization obligation aid from the government. Bank OCBC NISP became one of the first few banks to resume lending during the crisis. This initiative enabled the Bank to note a high growth.Bank OCBC NISP good reputation and its promising growth has attracted the interest of International Finance Corporation (IFC), a part of World Bank Group, which then became a shareholder in 2001-2010 and from OCBC Singapore which then became the shareholder Bank OCBC NISP. OCBC Singapore finally became the stakeholder after going through several acquisitions and tender offers since 2004. OCBC Singapore Bank currently holds 85,06% of the stock in OCBC NISP.With the support from OCBC Bank-Singapore, OCBC NISP has implemented agressive programmes to strengthen the infrastructure, human resources, information and technology, as well as office networking. This programme was the foundation of the relocation of the main office of OCBC NISP Tower to the central Jakarta that enables OCBC NISP Bank to gain access to the business centre in Indonesia.Bank OCBC NISP currently employs more than 6,500 employees. That number spreads over 330 branch offices. With high motivation, Bank OCBC NISP is ready to serve the customers who are in 59 cities in Indonesia.

CREDIT SUISSE49,648 +65 6212 2000

Credit Suisse is a leading global wealth manager with strong investment banking capabilities. Headquartered in Zurich, Switzerland, our operation has a global reach and extends to about 50 countries worldwide across mature and emerging markets with more than 45,000 employees from over 150 different nations.We partner across countries, divisions and regions to deliver holistic financial solutions to our clients, including innovative products and specially tailored advice, aligned to our high ethical standards. We strive for quality and excellence in our work and professional relationships, recognizing and rewarding extraordinary performance among our employees and providing opportunities for internal mobility, dedicated training and leadership. As a global and inclusive community, we benefit from a diverse range of perspectives to create value and drive results for our clients, shareholders and communities. Our values are brought to life through the entrepreneurial spirit of all within our network. We are Credit Suisse.Social Media Disclaimer and guidelines: http://bit.ly/2KCQhO6

GREATER BANK610 +61 131386

Greater Bank is no ordinary bank — we’re owned by our customers and we put them at the heart of everything we do. With no shareholders we focus on providing better value products and services as well as investing in the growth and development of communities we call home. Greater Bank has a heritage of serving communities in NSW and South East QLD, with our head office in the Hunter region. We are proudly a part of NGM Group Australia, a regional financial powerhouse and one of Australia’s largest customer owned banks. When you join us, you’ll certainly be in good company.

ING63,250 +65 6535 3688

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers

RCBC4,191 +63 2 8888 1888

Rizal Commercial Banking Corporation (RCBC) is among the largest private domestic banks in the country in terms of assets and has a network of over 418 branches and 1,375 ATMs (as of March 2021). With 60 years of long-term partnerships, RCBC has been a pillar of the banking industry, providing a wide range of financial services to its customers through its retail and investment bank, microfinance unit, foreign exchange brokerage house, leasing company and overseas remittance tie-ups. We continue to innovate and shape the future of our communities, families, and generations to come. At RCBC, we are more than just a Bank, we are proud to be Partners Through Generations.

STANDARD CHARTERED BANK70,447 +65 6596 7000

We are a leading international banking group, with a presence in more than 60 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good. Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

UOB22,218 +65 6222 0031

We’re here to do Right By You. At UOB, we aspire to build a better future for the people and businesses in the region. Through our extensive network and suite of capabilities, we offer financial solutions to the people and businesses within, and connecting with ASEAN. We create solutions tailored to your unique needs through data and relationship-led insights. Our comprehensive regional network and one-bank approach connects your business to new opportunities in ASEAN. We help businesses to advance responsibly and guide personal wealth to grow sustainably. We foster inclusiveness and environmental well-being for stronger societies. This is how we stay committed to forging a sustainable future for generations to come. Note: For the terms of use of our LinkedIn channel, please visit: https://go.uob.com/socialmedia

WESTPAC NEW ZEALAND3,972 +64 800 400 600

We’ve been helping New Zealanders find the right financial solutions to suit their lives since 1861. We first opened back then as The Bank of New South Wales, and then changed our name to Westpac in 1982. Along the way we’ve grown stronger by joining forces with the Commercial Bank of Australia and Trust Bank – to become Westpac New Zealand Limited. We bank all sorts of people and businesses – from young children, to first home-owners through to big corporates and the New Zealand Government. Nearly a quarter of all Kiwis bank with Westpac, so we’ve got great experience and knowledge to draw on when it comes to helping people with their very first bank account, all the way through to their retirement.With more than 200 branches, and nearly 500 ATMs, we’re one of New Zealand’s largest banks. We provide a full range of banking and financial services for personal, business and agribusiness banking.A copy of our House Rules can be found here: http://bit.ly/1p0SuxH

WESTPAC INSTITUTIONAL BANK1,676 +65 6530 9898

Westpac Institutional Bank (WIB) is partnering with corporates, institutions and governments to back nation-building development and supporting clients with their transition to net zero emissions.

OCBC BANK15,704 +65 1800 773 6437

OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker. OCBC Bank and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC Bank’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang. OCBC Bank’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. OCBC Banks insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.

BANK AUSTRALIA433 +61 132888

As a customer owned, B Corp certified bank, were doing banking differently. We empower our staff and customers to be part of the clean money movement.We achieve this by staying true to our purpose and values through our strategy, operations, products and services, and advocating to bring others on the journey. This means every role and person in our bank is essential to bringing our values, purpose and aspiration to life.As a customer owned bank, we reinvest our profits to continually serve our customers through competitive rates and fees, responsible banking, and supporting positive impact.Our Contact Centre, lending operations and processing are based in the Latrobe Valley and Bendigo while our head office is in Kew, Melbourne. We also have branches in Melbourne and regional Victoria, Brisbane, Adelaide, Canberra and Sydney.

BANK OF AMERICA205,260 +65 6678 0000

Bank of America is one of the worlds largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the worlds leading wealth management companies and is a global leader in corporate and investment banking and trading.This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr.For account issues, please visit: https://bit.ly/2GeTIeP.

SBS BANK210 +64 800 727 2265

SBS is a New Zealand bank, established in the south more than 150 years ago. We’re 100% owned by our members meaning that we’re 100% committed to putting them first. Our profits arent sent offshore; they are retained to allow us to offer competitive rates and exceptional service meaning that when a Member calls us or walks through our doors, they are treated with the warmth and respect that only SBS can offer.To find out more, visit our website: www.sbsbank.co.nz

ST.GEORGE BANK3,791 +61 133330

St.George Bank is one of Australias leading Retail and Business Banks, serving over 2.6 million consumer, business and corporate customers in Australia.With more than 5700 staff and 396 St.George and BankSA retail branches, St.George is known for exceptional service, innovative, award-winning products, and specialist financial advice for retail and business customers. In 2008, St.George and its South Australian brand, BankSA, became part of the Westpac Group.Wed love to have you contribute to our page. Our guidelines for joining the conversation are here: https://www.stgeorge.com.au/contact-us/social-media St.George acknowledges the traditional owners as the custodians of this land, recognising their connection to land, waters and community. We pay our respects to Australias First Peoples, and to their Elders, past, present and future.St.George Bank – A Division of Westpac Banking Corporation ABN 33 007 457 141AFSL and Australian credit licence 233714

MONETARY AUTHORITY OF SINGAPORE (MAS)2,449 +65 3163 4469

MAS is at the forefront of Singapore’s rapidly growing financial industry, creating new policies and initiatives that address the ever-changing landscape. Work at MAS promises not only challenges worthy of your intellectual abilities, but also the personal satisfaction that comes from building one of Asia’s premier financial hubs. We invite you to take up the challenge and make a difference to Singapore’s economic and financial development! At MAS, we place a great emphasis on developing a vibrant and conducive work environment that motivates each and every employee to make a meaningful contribution to the organisation. Our people recognize the importance of upholding our values to achieve more together. We believe that it is essential that our people enjoy working here with one another.MAS Functions- To act as the central bank of Singapore, including the conduct of monetary policy, the issuance of currency, the oversight of payment systems and serving as banker to and financial agent of the Government- To conduct integrated supervision of financial services and financial stability surveillance- To manage the official foreign reserves of Singapore- To develop Singapore as an international financial centre

WESTPAC16,305 +65 6530 9898

Westpac is Australia’s oldest bank and company, one of four major banking organisations in Australia and one of the largest banks in New Zealand. We provide a broad range of banking and financial services in these markets, including consumer, business and institutional banking and wealth management services. We also have offices in key financial centres around the world including London, New York, Hong Kong and Singapore.Westpac Groups portfolio of financial services brands and businesses is focused on our vision, which is To be one of the world’s great service companies, helping our customers, communities and people to prosper and grow.”We welcome your contributions to our page. Please check our guidelines before you join the conversation: https://www.westpac.com.au/contact-us/social-media/ Westpac acknowledges the traditional owners as the custodians of this land, recognising their connection to land, waters and community. We pay our respects to Australias First Peoples, and to their Elders, past, present and future.Westpac Banking Corporation ABN 33 007 457 141. AFSL and Australian credit licence 233714.

DBS BANK31,927 +65 800 852 6186

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The banks AA- and Aa1 credit ratings are among the highest in the world.Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com

HDFC BANK167,960 +65 6108 4900

HDFC Bank is one of Indias premier banks providing a wide range of financial products and services to over 43 million customers.Promoted by Housing Development Finance Corporation (HDFC), Indias leading housing finance company, HDFC Bank began operations in 1995 with a simple mission: to be a World-class Indian Bank. With a single-minded focus on product leadership, customer focus and operational excellence, the bank has accomplished this, emerging as a leading player in all its business segments.From a full range of products to the sheer convenience of their delivery, HDFC Bank today has made significant strides in the banking space. It was recognized as India’s Most Valuable Brand for 5 consecutive years in a study conducted by Kantar, a research agency of the WPP group.HDFC Bank today is a front runner in the digital banking space. It has established itself as a full-service digital bank, with the launch of its ‘Go Digital - Bank Aapki Muthhi Mein’ campaign on the banks of the Varanasi. Since then, the bank has launched a slew of innovative products including the 10-second Personal Loan or payment apps like Payzapp, which place the power of banking in the hands of the customer.HDFC Bank is also taking its branch network deeper into the hinterland, with 53% of its branches located in rural and semi-urban areas. HDFC Bank is extremely proud of its People, the integrity and ethics that they demonstrate and the culture that promotes these values. This culture ensures that the people with the right values are hired, groomed and encouraged. With close to 1 lakh employees, HDFC Bank is a growing organization.The Bank is empowering millions of people, particularly women, across the country through Parivartan, its umbrella brand for all social initiatives. Parivartan as the name suggests means bringing about a change or making a difference through rural development, promotion of education, skills training, health & hygiene and financial literacy.

Top Banking Financial Services And Insurance Companies in New-Zealand

Factors Contributing to Growth and Success

The growth of the Banking, Financial Services & Insurance Industry in New Zealand can be attributed to several factors, including government initiatives, increasing demand for financial products and services, and technological disruptions.

Government initiatives have played a significant role in supporting the growth of the industry. The New Zealand government has implemented several measures to support the industry, including tax incentives for businesses investing in research and development, and initiatives to improve access to finance for small and medium-sized enterprises. These initiatives have increased the demand for financial products and services, particularly in areas such as business lending, insurance, and investment management.

Another key factor driving growth is the increasing demand for financial products and services. With a growing population and economy, there is an increasing demand for financial products and services such as mortgages, insurance, and investment management. The industry is responding to this demand by offering innovative products and services that cater to the changing needs of businesses and consumers.

Technological disruptions are also driving the industry's growth. New technologies such as blockchain, artificial intelligence, and big data analytics are changing the way financial services are delivered. For example, blockchain technology is being used to improve the security and efficiency of financial transactions, while big data analytics are being used to identify patterns and trends in consumer behavior.

Industry Growth and Comparison to Previous Years

The Banking, Financial Services & Insurance Industry in New Zealand has shown steady growth over the past few years. According to data from IBISWorld, the industry grew at an annualized rate of 2.7% over the five years to 2021. The industry's growth rate was lower than the country's overall GDP growth rate, which was 3.6% over the same period. However, the industry's growth rate was higher than the growth rate of other professional services industries such as legal services.

Key Trends

The Banking, Financial Services & Insurance Industry in New Zealand is experiencing several key trends, including technological disruptions, increasing demand for digital solutions, and a growing focus on sustainability and ESG practices.

Technological disruptions are transforming the industry, with new technologies such as blockchain and AI-powered tools changing the way financial services are delivered. For example, blockchain technology is being used to improve the security and efficiency of financial transactions, while AI-powered tools are being used to automate routine tasks such as customer service and data analysis.

Another key trend is the increasing demand for digital solutions. The pandemic has accelerated the pace of digitalization, with many businesses adopting digital solutions for remote work and business operations. The banking, financial services & insurance industry is responding to this demand by offering digital solutions such as online banking, digital insurance products, and robo-advisory services.

Finally, the growing focus on sustainability and ESG practices is also driving demand for financial products and services. Investors are increasingly seeking out sustainable and socially responsible investment options, while businesses are under increasing pressure to adopt sustainable practices. The industry is responding to this demand by offering products and services that cater to ESG considerations, such as sustainable investment options, green bonds, and insurance products that incentivize sustainable practices.

Challenges

The Banking, Financial Services & Insurance Industry in New Zealand also faces several challenges, including the impact of the pandemic, increasing competition, and regulatory challenges.

The pandemic has had a significant impact on the industry, with many businesses reducing their budgets for financial services or delaying projects. This has led to a decline in demand for services, particularly in areas such as investment management and lending.

In addition, the industry is facing increasing competition, with traditional financial institutions facing competition from non-traditional players such as technology firms offering financial services. To remain competitive, financial institutions need to continue investing in new technologies and digital solutions while also offering specialized expertise in areas such as sustainable finance and ESG considerations.

Finally, the industry is also facing regulatory challenges, particularly in the areas of compliance and risk management. The New Zealand government has implemented several measures to improve regulatory oversight of the industry, including the Financial Services Legislation Amendment Act, which aims to improve consumer protections and increase transparency in the industry.

Future Outlook

Despite the challenges, the Banking, Financial Services & Insurance Industry in New Zealand has a positive outlook. The industry is expected to continue growing, driven by increasing demand for financial products and services, technological disruptions, and a growing focus on sustainability and ESG practices.

To remain competitive, financial institutions will need to continue investing in new technologies and digital solutions while also developing specialized expertise in areas such as sustainable finance and ESG considerations. The New Zealand government's focus on supporting the industry through initiatives such as tax incentives and regulatory reform will also contribute to the industry's growth.

Conclusion

Overall, the Banking, Financial Services & Insurance Industry in New Zealand is a critical component of the country's economy and is likely to continue evolving in response to the changing needs of businesses and consumers. The industry's ability to adapt to new technologies and changing consumer demands will be crucial in ensuring its continued success.

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By Melissa Goh
Published on 23 May 2023