New Zealand Has A State-Owned Bank

New Zealand has a state-owned and operated bank, called Kiwibank.  It is run by the country’s post office.

States Wikipedia:

Kiwibank Limited is a wholly owned subsidiary of the state-owned enterprise New Zealand Post Limited. Through Kiwibank, New Zealand Post provides banking services through its PostShops (post offices) and joint venture Books & More and Papermate outlets throughout New Zealand. Kiwibank is owned by the New Zealand government and the company’s Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010. The current Chairman of the Board of Directors is Rob Morrison.

According to the Kiwibank website:

“Kiwibank is a wholly-owned subsidiary of New Zealand Post, which is a 100% state-owned enterprise.”

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