6 November 2003

RBNZ on ANZ purchase of National Bank

The Reserve Bank today released an excerpt from a speech by Reserve Bank Governor Alan Bollard outlining the policy initiatives taken by the Reserve Bank in dealing with the application by the ANZ to buy National Bank. The speech was entitled "After the National Bank acquisition: living with big Australian banks," and it was prepared for the Australasian Institute of Banking and Finance in Auckland.

For further information contact
Anthea Black
Communications Officer
Ph 04 471 3767, 021 222 5225, blacka@rbnz.govt.nz