Traditionally, each DHB organised its own banking terms and conditions, working capital and deposit arrangements. This led to divergent fees, interest costs and benefits.
NZ Health Partnerships manages shared banking and treasury arrangements for DHBs through the sector’s banking partner BNZ.
DHBs benefit from streamlined transactional banking services, cash management and not paying working capital facility fees. Administration costs have been reduced and standardised fees and charges have been introduced.
NZ Health Partnerships provides this service for all 20 DHBs and a number of other entities. The service is currently transitioning from the former banking partner Westpac. This process will be complete by the end of 2018.