RBNZ surprises with rate cut 11 March 2016 4:35PM The Reserve Bank of New Zealand surprised markets and economists by cutting the official cash rate by 25 basis points to 2.25 per cent and forecasting another cut by the middle of the year. read more
Heartland grows profit, eyes acquisitions 24 February 2016 6:17PM New Zealand's Heartland Bank has reported a nine per cent rise in first half profit and forecast similar growth for the full year as its sees solid growth in consumer, motor vehicle and reverse mortga.. read more
Kiwibank half-year profit flattened by margin squeeze 23 February 2016 5:39PM State-owned Kiwibank has reported a flat half year profit as a net margin squeeze and heavy spending on a new computer system offset stronger lending growth. read more
S&P eyes NZ house price, dairy debt threats 23 February 2016 5:32PM Standard and Poor's has looked at how a potential jump in New Zealand house prices and an extended slump in dairy prices could affect the credit quality of New Zealand's Big Four Australian-owned bank.. read more
ANZ NZ profit falls 18 February 2016 5:19PM ANZ New Zealand's cash profit fell six per cent in the December quarter from a year earlier as its net interest margins tightened, profits from institutional markets division almost halved and its bad.. read more
NZ banks ramp up pressure on farmers 18 February 2016 5:18PM New Zealand's Federated Farmers has reported that 11.1 per cent of its dairy farmer members felt pressure from their bankers over their debts in early February, up from 7.6 per cent in November. read more
ASB overcomes headwinds to grow profit 11 February 2016 5:01PM Commonwealth Bank's New Zealand subsidiary ASB reported an eight per cent rise in first half profit after solid lending growth and tight cost control helped it overcome higher loan impairments in dair.. read more
RBNZ cuts for last time 11 December 2015 4:53PM The Reserve Bank of New Zealand cut the Official Cash Rate for a fourth time, taking it to 2.5 per cent as most economists expected, but forecast the rate would stay there until the end of 2018 - desp.. read more
NZ mortgage lending surges 02 December 2015 4:34PM New Zealand mortgage lending grew 7.2 per cent in October from a year ago, which was the fastest annual growth rate since August 2008, according to Reserve Bank credit aggregate figures published on M.. read more
UDC Finance profit up strongly 26 November 2015 5:14PM ANZ New Zealand's equipment and vehicle finance company, UDC Finance, has reported an 11 per cent rise in annual profit after growing vehicle lending strongly along with lower provisions for bad loans.. read more