ANZ to launch NZ mobile wallet

ANZ New Zealand has announced plans to launch a mobile wallet within its goMoney app that is used by over 120,000 of its customers with the newest Android smart phones. read more

NZ's Baptist Savings rated B+

Fitch Ratings has assigned a B+ rating to New Zealand's Baptist Savings, a first-time rating for the savings society which was set up to provide loans to Baptist church organisations. read more

Westpac wins Air NZ card deal

Westpac has signed a ten year deal to provide the credit card for New Zealand's most popular air points loyalty scheme, winning it off National Australia Bank's BNZ, which had held the deal for 16 yea.. read more

NZ lending code kicks in June 6

New Zealand Commerce and Consumer Affairs Minister Paul Goldsmith released a new Responsible Lending Code, which is the culmination of a two-year process of amending the 2003 Credit Contracts and Cons.. read more

RBNZ mulls new lending controls

The Reserve Bank of New Zealand has acknowledged it is discussing the possibility of English and Irish style controls on loan to income multiples, but they remain at an early stage. read more

Strong demand for ANZ's tier one issue

ANZ New Zealand has doubled the size of its tier one capital note issue to NZ$500 million. The issue is the first tier one issue in six years in New Zealand and the first by ANZ NZ. read more

NZ's TSB hit by coal slump

TSB Bank has written off all of its NZ$53.9 million in loans to state-owned coal miner Solid Energy after a slump in coal export prices, carving 74 per cent off the New Zealand regional lender's nine-.. read more

SBS's Auckland move pays off

New Zealand's Invercargill-based SBS Bank has reported a 39 per cent increase in net profit and declared its launch into the hot Auckland market a success. read more