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.
Businesswire.co.nz
No comments yet
PaySauce Quarterly Market Update - September 2024
October 2nd Morning Report
Rua Releases Annual Report for Year Ended 30 June 2024
SCL - Settlement of orchard sales
The Warehouse Group 2024 ASM and Director Nominations
AIR - Update on Chief Operational Integrity and Safety Officer
Comvita Limited - Annual Report 2024
September 27th Morning Report
Spark announces departure of Finance Director
FBU - Retail Entitlement Offer Opens