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The Reserve Bank of New Zealand signalled its preference to keep rates unchanged but spelt out its worry that it will be forced to act if inflation expectations rise significantly. read more

The New Zealand Government will provide further financial support for Kiwibank without tipping in any further cash, at least not now. read more

The fierce competition for retail deposits is wearing down the profits of Kiwibank. The New Zealand government-owned bank yesterday reported that profit for the full year to June 2010 fell 13 per ce.. read more

Bank of New Zealand paid a record dividend to its Australian parent with the dividend so far in the 2010 financial year more than doubling the amount paid last year. read more

The Reserve Bank of New Zealand's hike in the official cash rate is finally making an impact on deposit rates, with some banks making an upward adjustment to short-term rates. read more

Pyne Gould Corp's asset impairment expenses in the year ended June 2010 are expected to be more than double the amount initially forecast. read more

Asset quality of PGG Wrightson Finance deteriorated sharply in the latest year, with the New Zealand finance company reporting more than a doubling of impaired and past due assets. read more

A sharp writedown in the value of Hanover and United assets has cast doubts over the fate of a big chunk of borrowings by Allied Farmers Group, a New Zealand rural services and finance company. The.. read more

A drop of NZ$100 million in break fees was one of the chief contributors to a 13 per cent fall in ASB Bank's cash net profit in the year ended June 2010. read more

After many quarters of worsening deterioration in asset quality, National Australia Bank's New Zealand banking business finally saw some stabilisation in the quarter ending June 2010. read more