Moody's upgrades Kiwibank rating

Moody's Investors Service has upgraded Kiwibank's financial strength rating to C- from D+ and affirmed its Aa3 senior unsecured and issuer ratings after the state-owned New Zealand bank reduced its re.. read more

Kiwibank to start paying dividends

Almost thirteen years after it was launched to provide home-grown competition for New Zealand's Big Four Australian-owned banks, Kiwibank is set to begin paying dividends and no longer requires capita.. read more

ANZ NZ profit flat

ANZ New Zealand's cash profit was flat in the first quarter from a year ago after a turnaround in bad loans overwhelmed the ongoing benefits of net interest income growth and tight cost control. read more

Westpac settles NZ mis-selling case

Westpac New Zealand has agreed to a NZ$2.97 million settlement deal to end an investigation into its marketing, promotion and sale of interest rate swaps to farmers between 2005 and 2012. read more

ASB profit up strongly

Commonwealth Bank of Australia's New Zealand operations reported a 23 per cent improvement in cash profit in the first half, thanks to a rising net interest margin and growth in market share in rural.. read more

RBNZ eyeing more macroprudential tools

New Zealand Finance Minister Bill English, who has to be consulted by the Reserve Bank of New Zealand on any new macroprudential policy moves, says the bank is building its case for new measures to co.. read more

Wheeler warns banks on house price inflation

Reserve Bank of New Zealand Governor Graeme Wheeler has warned banks he is watching how they're contributing to resurgent inflation in Auckland's over-valued housing market, but has stopped short of s.. read more

McLean named permanent Westpac NZ CEO

Westpac has appointed local institutional banker David McLean as its permanent New Zealand chief executive after eight months acting in the role. The appointment ends a six month search across the res.. read more

Swiss shock breaks NZ broker

New Zealand registered foreign exchange broker Global Brokers NZ Ltd collapsed on Friday after the Swiss National Bank's shock decision to remove its peg to the euro wiped out client accounts. read more