The Reserve Bank of New Zealand today announced that BOC (New Zealand) Limited will be registered as a bank in New Zealand with effect from 21 November.
BOC (New Zealand) Limited is a fully-owned subsidiary of Bank of China. Following registration it will change its name to Bank of China (New Zealand) Limited.
This registration will bring the number of registered banks in New Zealand to 25.
More information: List of Registered Banks in New Zealand
Media contact
Angus Barclay
External Communications Advisor | Reserve Bank of New Zealand
2 The Terrace, Wellington 6011 | P O Box 2498, Wellington 6140
T. +64 4 471 3698 | M. +64 27 337 1102