Westpac Bank keeps contract as govt's main banker

Westpac also won when the contract was reviewed in 2015. (Image: Depositphotos)

Wed, 05 Jul 2023

Westpac New Zealand has once again kept its contract to be the exclusive provider of core crown transactional banking services.It kept the contract – which it has essentially held since 1989 – following a direct source procurement process, the Ministry of Business, Innovation and Employment (MBIE) said after announcing its new banking services panel that will be in place from July 1 until June 30, 2027.The last time it was reviewed was in 2015 when it also won, although then peripheral services were shared among many banks, includin...

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