New Zealand Post Group
New Zealand Post Group consists of a range of businesses providing communication and business solutions. From the core mail business through to banking and digital solutions, New Zealand Post Group is a vibrant and evolving organisation.
New Zealand Post
The Group’s mail business, New Zealand Post, delivers just under 650 million items a year to around 1.94 million delivery points. It provides postal, parcel and bill payment services through a nationwide physical store network, processing more than 19 million financial transactions a year. It also offers paper-based and digital communication services to business clients, including document printing, mail processing and direct mail delivery.
Our international parcels and logistics capabilities connect Kiwis with the world, and the world with New Zealand. We have an extensive international supply chain through partnerships, and through relationships with postal organisations worldwide, which is a significant source of parcels into Express Couriers (ECL), the Group’s primary domestic parcels and logistics business. It provides courier, warehousing and distribution services through the CourierPost, Pace and Contract Logistics brands. A wholly owned subsidiary, ECL connects with New Zealand Post’s transport capabilities to deliver more than 41 million courier parcels a year.
ECL was amalgamated into NZ Post with effect from 30 June 2017. References to ECL or Express Couriers Limited should now be read as referring to New Zealand Post Limited.
Kiwibank is 100% Crown owned. New Zealand Post is the majority owner and, under an arrangement agreed in October 2016, the NZ Super Fund now owns 25% and the Accident Compensation Corporation 22%. The partial sale of Kiwbank’s holding company Kiwi Group Holdings Limited (KGHL) provides the bank with access to streams of capital to support further growth.
Kiwibank provides a comprehensive suite of financial services, from personal loans and bank accounts to credit cards, business banking, international banking, wealth management and insurance. It’s the fifth largest bank in New Zealand, with over 1 million customer accounts and 419,000 customers now identifying Kiwibank as their main financial institution.
Other Group businesses
Other New Zealand Group businesses include:
- Reachmedia, a 50% joint venture that’s one of New Zealand’s largest distributors of unaddressed mail, including catalogues and flyers. Reachmedia delivers more than 720 million physical items each year, and provides retailers with a variety of digital marketing solutions.