Wellington, Nov 21 NZPA - ANZ National Bank and ASB are cutting their variable home loan rate to 8.7 percent from 9.45 percent.

Wellington, Oct 24 NZPA - ANZ National Bank said it is planning to sell $100 million of bonds to New Zealand institutions and the public. The bonds will mature in June 2010 or June 2014 and will pay a fixed interest rate which is yet to be set.

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, Oct 23 NZPA - Now is the time you would want banks to be solid and making a profit, ANZ National Bank said in posting a billion dollar profit. The net profit after tax for New Zealand of $1.039 billion reported last year fell to $990 million this year.

Wellington, Oct 23 NZPA - ANZ National Bank is still making about a billion dollars profit a year in New Zealand and is arguing there is no need to rush into a guarantee scheme to cover wholesale areas of bank business.

Wellington, Oct 23 NZPA - ANZ National Bank is still making about a billion dollars profit a year in New Zealand and is arguing there is no need to rush into a guarantee scheme to cover wholesale areas of bank business.

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.