NBS is New Zealand’s oldest Building Society, founded in 1862 to provide housing and personal finance in the Nelson region. NBS is a building society registered under the Building Societies Act 1965. NBS has expanded into the Tasman, West Coast, Golden Bay and Mid Canterbury regions and continues to offer traditional banking services: loans, deposits and transactional banking to retail and SME customers.
The predominant lending activity remains the provision of owner-occupied home loans.
We're a mutual which means we are owned by our clients. Any profits we make that are not reinvested to provide an even better service are returned to the community in the form of sponsorships and grants.
We’ve been around since 1862. We meet your banking needs now and will for generations to come.
We’re owned by our clients and proud to be investing in our local community.
We know our clients by name. Our flexibility ensures we make timely decisions based on local knowledge.
The Directors and executive management team are experienced in the financial services and banking industries.
NBS is funded through retail deposits. These deposits have varying maturity dates which assist in managing liquidity and re-financing risk.
NBS holds a credit rating of BB+ Stable from Fitch Ratings, a Reserve Bank approved credit rating agency.
Looking after Depositors’ money is something NBS takes very seriously. Diversification of risk is coupled with robust governance, experienced management and a rigorous approach to lending. More than 80% of loans are secured by first mortgages against tangible property in the Nelson, Tasman, West Coast and Mid Canterbury regions.
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