12

Westpac's IT program aims to boost revenue outlook in line with that of competitors, but analysts are sceptical that the program will be able to improve efficiency. read more

It was a record week for Kangaroo bonds which saw Australian-denominated covered bonds sold for the first time since the global financial crisis, and the total for all Kangaroo debt this year hit a ne.. read more

Bank of India will be the second Indian bank set to make a foray into New Zealand, following in the footsteps of Bank of Baroda. read more

ANZ National has increased its committed facility to UDC Finance by a further NZ$150 million, as of September 30. read more

The liquidity policy applying to banks in New Zealand is proving to be flexible for the largest of the country's banks, ANZ National. read more

The highlight of the week was the US$500 million bond issue by Sydney Airport, which the company sold at a spread of 260 basis points for a bond with a ten-and-a-half year term. read more

After a pause in the March quarter, the impairment cycle for Rabobank New Zealand was again on an uptrend as the bank made big provisions in the second quarter of 2010. read more

The appetite for bonds sold by companies in issues in their own names is getting so strong that even a BBB- rated issue saw stronger than usual demand. read more

Profits of New Zealand banks are likely to come under pressure from the proposed Basel liquidity rules, but on the capital front there will be no impact because banks are already well capitalised, M.. read more

Financial services company Bluestone will look at restarting its lending business in New Zealand if funding conditions improve. read more