New Zealand Banking
Find out what building societies operate in New Zealand with Money Monkey’s handy summary of building societies and building society information. Building societies, unlike banks, were set up in New Zealand as mutual institutions without shareholders meaning that building society profits are divided between those who invest with them.
In the case of a Building Society funds are raised by the issue of shares to members who pay for them over time by subscription. The funds are used to provide a wide range of financial services including mortgages for the purchase of house properties.



