| Type | cooperative |
|---|---|
| Industry | Banking |
| Founded | 23 March 1869 |
| Headquarters | Invercargill, New Zealand |
| Products | banking insurance financial services property |
| Total assets | $2.54 billion |
| Employees | 250 |
| Website | SBS Bank |
SBS Bank is a building society and registered bank in New Zealand founded in 1869 as Southland Building Society.[1] It is New Zealand's largest building society, and claims to be the only building society in the world to have become a recognised bank while maintaining its mutual status.[1] Its head office is in Invercargill. The bank has diversified into fund management and life assurance, and at 31 March 2010 had total assets of $NZ2.63 billion.[2]
By 2001 the society's total assets exceeded NZ$1 billion, making it the largest building society in New Zealand.[3] The society changed its trading name and was registered as a bank on 7 October 2008.[1]
There are 15 branches throughout New Zealand, with most of them located in the South Island.
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