Co-Op Bank New zealand

**percy** · 16-04-2013, 09:56 PM

Hi winner69,your own thread,go for it.
lol.

**Snow Leopard** · 17-04-2013, 12:18 AM

So you can't buy shares in it and they don't do share brokerage.

Best Wishes
Paper Tiger

**percy** · 17-04-2013, 06:57 AM

Originally Posted by Paper Tiger

So you can't buy shares in it and they don't do share brokerage.

Best Wishes
Paper Tiger

I feel the same,it is a waste of time talking about them,yet winner69 finds plenty to talk about them on HNZ thread.I just wonder who owns them.If it is a true Co-Op ,will members have deep enough pockets to recap it should they run into trouble> ? I would expect the risks would be a lot greater than a listed Bank such as ANZ,Westpac or Heartland who have shareholders they can call on.

**winner69** · 17-04-2013, 06:58 AM

Only mention them now and again because they compete with Heartland for retail investors deposits - both using a NZ ownership / local message

Can 'invest' in them by lending them money .... a coop model that has some empathy with the concept that the worlds problems today are caused by greedy capitalists

**percy** · 17-04-2013, 07:16 AM

Originally Posted by winner69

Only mention them now and again because they compete with Heartland for retail investors deposits - both using a NZ ownership / local message

Can 'invest' in them by lending them money .... a coop model that has some empathy with the concept that the worlds problems today are caused by greedy capitalists

Yeah Right.!!!

**winner69** · 17-04-2013, 07:28 AM

Originally Posted by SparkyTheClown

I think this could more comfortably sit in the NZDX thread, as it is more a discussion over debt than equity (even if it can't be traded)

Seems like the appropriate palce for comment is actually the HNZ thread after all .... keeping an eye on the competition

Like will the Bank of India have any impact on Heartland

Or is our thinking about Heartland so blinkered there is only one story

**Lizard** · 17-04-2013, 07:37 AM

Originally Posted by percy

If it is a true Co-Op ,will members have deep enough pockets to recap it should they run into trouble> ? I would expect the risks would be a lot greater than a listed Bank such as ANZ,Westpac or Heartland who have shareholders they can call on.

Yes, I too would like to hear Winners comment on this, as it has been what has put me off investing there.

**percy** · 17-04-2013, 08:33 AM

Originally Posted by winner69

Seems like the appropriate palce for comment is actually the HNZ thread after all .... keeping an eye on the competition

Like will the Bank of India have any impact on Heartland

Or is our thinking about Heartland so blinkered there is only one story

I think HNZ have a history of working with other banks such as Robo Bank,and would think Bank of India would gain more working with them than against them.
Not the only story on NZX,but never-the-less a very successful one.Great to see a NZ listed Bank serving NZders.
Sorry to be talking about HNZ on this thread.!! lol.