List of banks in New Zealand
This is a list of banks in New Zealand.
Central Bank
The Reserve Bank of New Zealand, headquartered in Wellington, was established in 1934.
Incorporated in New Zealand
According to the latest data from the Reserve Bank of New Zealand, as of 07 November 2025, there are 15 banks incorporated in New Zealand. Following the enactment of the Deposit Takers Act 2023, all of these locally incorporated institutions are covered by the Depositor Compensation Scheme .
Presented below is a ranking of retail bank based on CET1 capital accumulation within all local banking subsidiaries as of September 2025.
Incorporated outside New Zealand
According to the latest data from the Reserve Bank of New Zealand, as of 07 November 2025, there are 12 banks incorporated outside operating as branches within the country. Under the regulatory framework established by the Deposit Takers Act 2023, these overseas-incorporated branches are not covered by the Depositor Compensation Scheme .
Total assets
The data presented in the following table is compiled from official Reserve Bank of New Zealand statistics and the formal financial statements of individual banks, including those not currently integrated into RBNZ primary statistical outputs. Under RBNZ regulatory requirements, institutions operating both a local branch and a subsidiary are categorized as Dual Registered ''Bank''. To ensure a comprehensive representation of these entities activities, the financial statements of the Auckland Branch have been consolidated with those of the subsidiary banks, reflecting the total New Zealand-based operations as a single reporting unit.
Non-bank deposit takers
According to the latest data from the Reserve Bank of New Zealand, as of 29 April 2025, there are 15 non-bank deposit takers incorporated in New Zealand. Following the enactment of the Deposit Takers Act 2023, all of these locally incorporated institutions are covered by the Depositor Compensation Scheme except FE Investments.