4 February 2002
MEDIA RELEASE
KIWIBANK REGISTRATION WELCOMED
The Chairman of Kiwibank, The Rt Hon Jim Bolger ONZ, has welcomed the announcement by the Reserve Bank of New Zealand
that Kiwibank has received full registration.
Mr Bolger said the announcement had cleared the way for Kiwibank to launch its products and services and to release
details of its opening plans.
"On Thursday we will be announcing the full range of Kiwibank accounts, interest rates and fees. This will be followed
with our first openings planned for next week in Palmerston North and Hawkes Bay," Mr Bolger said.
Kiwibank intends operating a small number of branches in a pilot programme for six weeks before the full launch across
the country in April and May.
"We have been through a rigorous two-month trial of Kiwibank's systems and procedures. Now we are nearly ready to open
our doors and bring Kiwibank services to our customers," Mr Bolger said.
ENDS