This PostShop in Auckland, New Zealand, also serves as a branch of Kiwibank.
Kiwibank Limited is a wholly owned subsidiary of the state-owned enterprise New Zealand Post Limited. Through Kiwibank, New Zealand Post provides banking services through its PostShops (post offices) and joint venture Books & More and Papermate outlets throughout New Zealand.
The bank was initiated as part of Alliance Party policy in the 1999-2002 Labour-Alliance coalition government. Kiwibank is owned by the New Zealand government and is chaired by former New Zealand Prime Minister Jim Bolger.
Kiwibank invested NZ$8m into a majority shareholding in New Zealand Home Loans, a home loan lender specialising in debt reduction, in June 2006.
Kiwibank has won the first three Sunday Star Times/Cannex banking awards, in 2006, 2007, and 2008 for offering the best value across their range of products.[1] It has been seen by many to have brought a new level of competition in banking in New Zealand in terms of lower fees and growth in service.citation needed Kiwibank has higher customer satisfaction ratings than the four large Australian-owned trading banks.[2]
In 2008, Kiwibank unveiled an advertising campaign, "Join The Movement", which parodied World War II resistance themes. The advertisements were denounced as jingoistic by rival banks, most of which are Australian owned. [3]
References
- ^ Stock, Rob (2008-02-21). "Kiwibank posts a good result", Sunday Star-Times, Fairfax New Zealand. Retrieved on 2008-04-26.
- ^ Daniels, Chris (2007-04-08). "Bank on satisfaction", New Zealand Herald, APN Holdings NZ. Retrieved on 2008-04-26.
- ^ Stock takes: Changes rankle - 30 May 2008 - NZ Herald
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