New Zealand · Financial institution
Westpac New Zealand Limited
Westpac New Zealand Limited is a registered bank incorporated in New Zealand, with its head office at Takutai Square in Auckland. Its immediate parent is Westpac New Zealand Group Limited. Its ultimate parent is Westpac Banking Corporation of Australia. The bank provides consumer, business, agribusiness and institutional banking across New Zealand. It was created in 2006, when the Westpac group locally incorporated its New Zealand business at the request of the Reserve Bank of New Zealand. The Australian parent keeps a separate New Zealand branch.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- WPACNZ2WXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under WPACNZ2W directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 1984-02-20
- Last updated
- 2025-11-01
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Westpac New Zealand Group Limited
Institution type
Commercial bank
Trades as Westpac NZ
- Ownership
- Westpac New Zealand Group Limited is the immediate parent, and Westpac Banking Corporation is the ultimate parent.
- Direct parent
- Westpac New Zealand Group Limited, New Zealand
- Ultimate owner
- Westpac Banking Corporation, Australia
- Head office
- Level 1, Westpac on Takutai Square, 16 Takutai Square, 1010 Auckland, New Zealand (registered office: Westpac On Takutai Square, 16 Takutai Square, Auckland 1010, New Zealand)
- Company register
- 1763882 (New Zealand Companies Office)
Business lines
The bank reports two segments: Consumer Banking and Wealth, and Institutional and Business Banking. According to its March 2026 disclosure statement, residential mortgages made up NZD 73.4 billion of NZD 109.5 billion gross loans. International payment and foreign exchange products are provided by the New Zealand branch of Westpac Banking Corporation, not by this entity.
Online
- Websites & references
- westpac.co.nz ↗
status.westpac.co.nz ↗ service status page, linked from the website footer
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 13 pages consulted
- assets.dam.westpac.co.nz/is/content/wnzl/dist/all-of-bank/westpac-nz-limited/disclosures/annual-report-disclosure/
- westpac.co.nz/about-us/executive-team/
- westpac.co.nz/about-us/board-of-directors/
- westpac.co.nz/
- westpac.co.nz/about-us/
- westpac.co.nz/about-us/legal-information-privacy/disclosure-statements/
- westpac.co.nz/about-us/legal-information-privacy/international-service-fees/
- westpac.com.au/about-westpac/westpac-group/board-of-directors/
- westpac.com.au/about-westpac/global-locations/westpac-newzealand/
- westpac.co.nz/about-us/media/westpac-nz-response-to-high-court-judgement-on-commerce-commission-proceed
- fma.govt.nz/news/all-releases/media-releases/westpac-to-pay-3-25-million-penalty-for-misleading-custo
- rnz.co.nz/news/business/580299/westpac-penalised-3-point-64m-by-the-high-court
- en.wikipedia.org/wiki/Westpac_New_Zealand
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Catherine McGrath Chief Executive Officer (also a director)
- Chair
-
Pip (Philippa) Greenwood
Chair
- Chief financial officer
- James Grant Chief Financial Officer
- Executive
- Stephen O'Brien Chief Risk Officer
- Executive
- Reuben Tucker Managing Director, Institutional & Business Banking
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- New Zealand
- Reserve Bank of New Zealand Central bankPrudential supervisorAML supervisorResolution
- New Zealand
- Financial Markets Authority ConductSecurities
- New Zealand
- Commerce Commission Conduct
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Enforcement
In Commerce Commission proceedings, the High Court ordered the bank to pay a penalty of NZD 3.64 million for breaches of consumer credit disclosure law.
westpac.co.nz ↗ -
Leadership
Directors Michael Rowland and Christine Parker retired in October and November 2025. Nathan Goonan joined the board on 24 November 2025.
assets.dam.westpac.co.nz ↗ -
Enforcement
In Financial Markets Authority proceedings, the High Court ordered the bank to pay NZD 3.25 million for misleading customers about discounts and overcharging.
fma.govt.nz ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- WPACNZ2WXXX
- How the BIC breaks down
- WPACBank
- NZCountry · New Zealand
- 2WLocation
- XXXBranch · head office
- Branch description
- FOR ALL NEW ZEALAND BRANCHES
- LEI
- 549300MW73M5PK1PNG73
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- New Zealand · East Asia & Pacific
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Ultimate parent
- Westpac Banking Corporation · AustraliaEN5TNI6CI43VEPAMHL14 ↗
The Westpac Banking Corporation group has 8 institutions in the directory, in 7 countries: all hold a BIC.
Including Westpac Europe GMBH, Westpac Banking Corporation, Westpac Banking Corporation, Bt Funds Management Limited, Westpac Banking Corporation.
See the Westpac Banking Corporation group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- MOBIL ON THE PARK FLOOR 14 16 WESTPAC ON TAKUTAI SQUARE AUCKLAND 1010 691 NEW ZEALAND
- Operational address
- WESTPAC ON TAKUTAI FLOOR 3 16 TAKUTAI SQUARE AUCKLAND 1010 AUCKLAND NEW ZEALAND
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>WPACNZ2WXXX</BICFI>
<LEI>549300MW73M5PK1PNG73</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>WPACNZ2WXXX</BICFI>
<LEI>549300MW73M5PK1PNG73</LEI>
<Nm>WESTPAC NEW ZEALAND LIMITED</Nm>
<PstlAdr>
<TwnNm>AUCKLAND</TwnNm>
<Ctry>NZ</Ctry>
<AdrLine>MOBIL ON THE PARK FLOOR 14 16 WESTPAC ON TAKUTAI SQUARE AUCKLAND 1010</AdrLine>
<AdrLine>691</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Correspondent banking
2 other banks publish 2 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
2 other banks publish 2 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| NZD | State Bank of India India | WPACNZ2WINT | 008102NZD220001 | — | sbi.bank.in ↗ |
| NZD | The Bank of N.T. Butterfield and Son Limited Bermuda | WPACNZ2WXXX | 007625NZD220001 | incoming payments | butterfieldgroup.com ↗ |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Pip (Philippa) Greenwood: westpac.com.au (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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