23 June 2000

New bank registration

The Reserve Bank today announced that Commonwealth Bank of Australia has been registered as a bank in New Zealand. Commonwealth Bank of Australia is incorporated in Australia and will operate in New Zealand as a branch. This brings the number of registered banks to 18.

For further information contact
Paul Jackman
Corporate Affairs Manager
Ph 04 471 3671, 021 497 418, home 04 938 8177, Jackmanp@rbnz.govt.nz