New bank registered

Release date
07 October 2008

The Reserve Bank of New Zealand today announced that Southland Building Society has been registered as a bank in New Zealand. Southland Building Society will continue to be a mutually-owned building society although also registered as a bank.

There are now 18 registered banks in New Zealand, which are listed on the Reserve Bank's website.

Media contact:
Anthea Black
Ph 04 471 3767, 021 222 5225,
anthea.black@rbnz.govt.nz