26 Feb 2013

Kiwibank set to branch out to Niue

2:27 pm on 26 February 2013

The New Zealand bank Kiwibank is set to extend its domestic operation to Niue, with the opening of a branch on the island expected in April.

Niue's sole provider of commercial banking services, Papua New Guinea's Bank South Pacific, is closing the branch it set up almost nine years ago.

Kiwibank's spokesperson says if the new branch goes ahead, it will offer the same deposit and withdrawal services offered by Bank South Pacific.

Bruce Thompson says Niue customers will be treated as though they are New Zealand bank customers and it will be as easy to transfer money between Niue and New Zealand accounts as it is within New Zealand.

He says local people will staff the new branch.