New Zealand’s central bank said Tuesday it had registered Revolut Bank New Zealand, allowing it to provide banking services in the country. According to Sina Finance, the company has operated in New Zealand as a financial service provider since July 2023, and the registration makes it the country’s 27th registered bank.
Revolut Bank New Zealand is part of Revolut Group, whose ultimate parent is London-based fintech company Revolut Group Holdings. A disclosure statement issued in October said the bank recorded an after-tax loss of NZ$4.9 million in 2025, or about US$2.76 million; it had previously reported a loss of NZ$3.5 million in 2025.
S&P assigned the bank a BBB+ long-term issuer credit rating on Tuesday, saying its credit profile was weaker than those of New Zealand’s other major banks because its operations in the country were at an early stage.