RBNZ issues first non-bank deposit-taker licence in nearly a decade

Welcome is based in Hawke's Bay. (Image: NZME)
The Reserve Bank of New Zealand has issued a non-bank deposit taker licence to newly formed finance company Welcome.The last time the central bank issued a license was in 2017 to Christian Savings, which was previously licensed as Christian Savings Incorporated, according to the bank's register.Hawke’s Bay-based Welcome’s ultimate holding company is Navilluso Holdings Ltd.Its chief executive is Anton Douglas, with independent director Tracey Jones chairing the board.She is joined on the board by Douglas, Hamish Frame and indepen...
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