BNZ wins mandate for new Auckland super-city

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.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
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.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

TWR - Capital Return - ATO Class Ruling Obtained
THL - FY25 Trading Update
April 17th Morning Report
EBOS announces opening of Retail Offer
MCY - FY2025 EBITDAF guidance revised to $760m
April 16th Morning Report
AIA - March 2025 Monthly traffic update
Ryman Healthcare FY25 full year results and webcast detail
CHI - Q1 2025 Operational Update
CNU - Q3 FY25 Connections Update