Wellington, Oct 23 NZPA - Kiwibank was the first bank to react to Reserve Bank governor Alan Bollard's cut in the Official Cash Rate (OCR) by making a matching 1 percent cut to its variable home loan rate. Dr Bollard cut the OCR today from 7.5 percent to 6.5 percent.
Wellington, Sept 25 NZPA - A group of business people met in Taupo mid year to discuss what could be done to improve the capital markets that generate wealth in New Zealand.
Wellington, July 17 NZPA - ProvencoCadmus (PVO) shareholders Todd Capital and Peter Maire will underwrite extra working capital facilities of up to $8 million following NZX approval for a waiver.
Wellington, June 23 NZPA - Demand continues to be strong for loans to buy agricultural equipment and in connection with infrastructure projects, finance company Marac says.
Wellington, June 9 NZPA - Pyne Gould Corporation-owned Marac Finance is considering making a bond offer of up to $125 million . The company said the funds would go towards financing ongoing lending activities and further diversify its funding sources.
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