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Banking Registration Changes

Reserve Bank of New Zealand
News Release
1 March 2004

Banking Registration Changes

The Reserve Bank today announced that it has registered The Bank of Tokyo-Mitsubishi, Ltd. as a bank in New Zealand, and deregistered the Bank of Tokyo-Mitsubishi (Australia) Limited as a bank in New Zealand.

The Bank of Tokyo-Mitsubishi, Ltd. is a Japanese incorporated bank which will operate in New Zealand as a branch conducting the banking activities formerly carried out by a New Zealand branch of its Australian incorporated subsidiary, the Bank of Tokyo-Mitsubishi (Australia) Limited.

As a result, there has been no change to the number of registered banks operating in New Zealand, which remains at 18.

ENDS

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