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New bank registered

Tuesday, 1 September 2009, 9:57 am
Press Release: Reserve Bank

Reserve Bank
NEWS RELEASE
Date 1 September 2009
Time 9.00am

New bank registered

The Reserve Bank today announced that Baroda (New Zealand) Limited has been registered as a bank in New Zealand.

The bank, which is a subsidiary of Bank of Baroda (India), will be changing its name to Bank of Baroda (New Zealand) Limited before it commences operations.

There are now 19 registered banks in New Zealand, which are listed on the Reserve Bank website.

ENDS

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