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Westpac New Zealand expects to keep its focus on growing deposits as the bank has set a target of $4 billion for new loans in the next year. read more

Westpac yesterday confirmed it has appealed the decision of the New Zealand High Court that last month found in favour of the NZ tax authorities on four structured finance transactions undertaken in t.. read more

ANZ isn't happy about the deposit-rate competition in New Zealand that - on top of a leap in impaired assets - has dragged ANZ's kiwi banking business into a loss in the second half of the year. read more

The Reserve Bank of New Zealand stood firm on its interest rate stance in the face of growing pressure to change the duration of its low rate outlook, especially after the Australian central bank surp.. read more

Bank of New Zealand expects business lending growth to slow by more than half next year as loan demand has already slowed even as the NZ economy emerges out of recession. read more

Westpac yesterday said it planned to appeal the adverse decision of the High Court of New Zealand over contested tax assessments arising from a series of structured finance transactions undertaken in.. read more

Small, non-bank deposit taking entities in New Zealand won't have to have a credit rating under exemptions introduced by the Reserve Bank of New Zealand. The RBNZ set NZ$20 million as the threshold fo.. read more

The Reserve Bank of New Zealand has hinted once again that it is ready to lower the official cash rate but wants to see easing in lending conditions and rates before it makes the move. read more

Bank of New Zealand yesterday lost a major tax avoidance case against the Inland Revenue Department after a High Court judge noted that there was no business that the bank had done when it entered int.. read more

After cutting the OCR to record low of 2.50 per cent in April, the Reserve Bank stayed pat on rates at the latest monetary policy meeting in June. The main reason may have been its disappointment over.. read more