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Banking Registration Changes
Reserve Bank of New Zealand
News Release
1 March
2004
Banking Registration Changes
The Reserve Bank today announced that it has registered The Bank of Tokyo-Mitsubishi, Ltd. as a bank in New Zealand, and deregistered the Bank of Tokyo-Mitsubishi (Australia) Limited as a bank in New Zealand.
The Bank of Tokyo-Mitsubishi, Ltd. is a Japanese incorporated bank which will operate in New Zealand as a branch conducting the banking activities formerly carried out by a New Zealand branch of its Australian incorporated subsidiary, the Bank of Tokyo-Mitsubishi (Australia) Limited.
As a result, there has been no change to the number of registered banks operating in New Zealand, which remains at 18.
ENDS
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