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Bank of New Zealand
Bank of New Zealand (BNZ) is one of New Zealand's largest banks and has been operating continuously in the country since the first office was opened in Auckland in October 1861 followed shortly after by the first branch in Dunedin in December 1861. The modern-day bank operates a variety of financial services covering retail, business and institutional banking and employs over 5000 people in New Zealand. In 1992 the bank was purchased by the National Australia Bank and is today operated as a subsidiary but retains local governance with a fully empowered New Zealand board of directors.
==History==
* 1861: The Bank of New Zealand formed as a private company and incorporated by The New Zealand Bank Act 1861〔(Bank of New Zealand Act 1861 )〕 creating the company and authorising it to issue banknotes. First branch in New Zealand opened in Queen Street in Auckland and a Dunedin branch is opened shortly afterward.
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