Sharechat Logo

BNZ wins mandate for new Auckland super-city

Friday 18th June 2010

Text too small?

Bank of New Zealand has won one of the country's largest new clients, taking on the mandate to provide banking services to the new Auckland super-city.

Replacing eight city and district councils, as well as the Auckland Regional Council, the BNZ win creates an incumbent banker for all local government in the Auckland region for the first time, and is described by BNZ as representing a "multi-billion revenue stream".

BNZ services existing local government entities to varying extents, as do other major banks.

Anthony Healy, director, BNZ partners said the new Auckland Council is "the biggest and most complex corporate merger in this country’s history.

"Winning the banking contract is an outstanding result for BNZ.”

The agreement involved a comprehensive tender, evaluation and selection process involving all other major banks, BNZ said in a statement.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Acceleration of expressway will be transformative for Northland economy says EMA
The Warehouse Group - Proposed Scheme of Arrangement
The Warehouse Group - Proposed Scheme of Arrangement
Winton announces timing of its Annual Results
Fletcher Building Announces Director Appointment
Meridian issues new demand response exercise notice to NZAS
CRP - Chatham Closes Private Placement of Shares
General Finance - Olympic Term Deposit Promotion featuring a Special Bonus of 0.1%
July 22nd Morning Report