Rabobank says it will need to assess any changes the Reserve Bank makes in the review of its policy for branches of overseas banks to see whether they materially impact "the economic and/or strategic viability of Rabobank's operating model in New Zealand." The Reserve Bank is proposing that all branches of overseas banks operating in NZ be restricted to wholesale business with corporates, institutions and other wholesale investors, meaning they couldn't take retail deposits or offer products or services to retail customers.

https://www.interest.co.nz/banking/117386/rbnz-review-its-policy-branches-overseas-banks-could-call-question-economic-and

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