Number of banks reached 26.0 banks in 2019 in New Zealand, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in New Zealand reached an all time high of 26.0 banks in 2017 and an all time low of banks in. When compared to New Zealand's main peers, number of banks in Indonesia amounted to 110 banks, 42.0 banks in Malaysia and 46.0 banks in Philippines in 2019.
New Zealand has been ranked 58th within the group of 140 countries we follow in terms of number of banks, 34 places above the position seen 10 years ago.