Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Kiwibank signs up 100,000th customer

Kiwibank signs up 100,000th customer

30/01/2003


Kiwibank has signed up its 100,000th customer, less than a year after first opening for business. The milestone customers are a Waiuku, South Auckland, couple Richard and Shea Malloy, who drew down a home loan on Friday 17January 2003.

The Chairman of Kiwibank, Rt Hon Jim Bolger and Chief Executive Sam Knowles will visit the couple at their home this morning to congratulate them on helping the bank reach this key customer target and to present them with a Mitre 10 voucher to assist with developing their new home. Mr and Mrs Malloy both work in the Waiuku area and have four sons.

Kiwibank first opened for business in February last year, although the formal nationwide rollout of branch openings began on 23 March. Kiwibank now has 279 branches operating in PostShops and franchises, making it by far the most extensive network of any bank operating in this country.

Since the end of May last year the bank has been signing up an average of 500 customers each business day. Support has continued at this level this year. The bank has been closely monitoring the signing up of customers as it approached the 100,000 milestone and calculated the target was reached on 17 January. This was the day the Malloys drew down their home loan.

Mr Bolger said he was delighted that Kiwibank had been able to help a young New Zealand family achieve their dream of owning their own home. He said he was pleased the bank had received such overwhelming support from the public. "We were always confident the proposal to have a national bank owned by New Zealanders would be well received, but the very strong support has exceeded our best hopes."

"I firmly believe the Kiwibank foundations of New Zealand ownership and a return to having banking services in suburbs and towns across the country will ensure the bank's success. Kiwibank also has had a major impact on the New Zealand banking industry with significantly reduced fees and very competitive home loan rates."

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news