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Bank Of New Zealand

Kiwibank, HSBC warned about mortgage break fee formulas

Kiwibank, HSBC warned about mortgage break fee formulas
Wellington, May 11 NZPA - The Commerce Commission warned Kiwibank and HSBC about the formulas the two banks used to work out mortgage break fees until the middle of last year.

BNZ half year cash earnings $255m

BNZ half year cash earnings $255m
Wellington, May 6 NZPA - Bank of New Zealand reported cash earnings of $255 million for its core New Zealand banking operations in the six months to the end of March.

NZ dollar falls as investors worry more about Greece

NZ dollar falls as investors worry more about Greece
Wellington, May 5 NZPA - The New Zealand dollar traded about a US cent lower than yesterday as investors sought shelter in the United States currency amid fears that aid for Greece may not prevent debt crises in other euro zone countries.

Strong Australian economy positive for NZ, says BNZ

Strong Australian economy positive for NZ, says BNZ
Wellington, April 23 NZPA - It is a good thing for New Zealand that the Australian economy is doing so well, according to Bank of New Zealand economists.

Wool Services International changes banks

Wool Services International changes banks
Wellington, April 23 NZPA - New Zealand Wool Services International Ltd is praising its new banker Bank of New Zealand for supporting the wool industry.

NZ dollar little changed in quiet trading

NZ dollar little changed in quiet trading
Wellington, April 21 NZPA - The New Zealand dollar had a quiet day today, while the Australian dollar firmed. By 5pm the NZ dollar was buying US71.04c from US71.09c at 8am and US71.00c at 5pm yesterday.

NZ dollar trades in narrow range

NZ dollar trades in narrow range
Wellington, April 9 NZPA - The New Zealand dollar traded in a very narrow range today. Government accounts for the eight months to February did not provide any impetus and there were no market moving events in the Australian diary today.

42 Below founders in new global marketing foray

42 Below founders in new global marketing foray
Wellington, March 28 NZPA - The founders of New Zealand vodka company 42 Below are off on another global foray, this time in the markets for scented candles and body washes.

Fixed-rate dip expected to be temporary

Fixed-rate dip expected to be temporary
Wellington, March 24 NZPA - A dip in fixed-term mortgage rates is only expected to be temporary, despite being seen as an indication of increasing confidence in the stability of banks in this country.

NZ dollar little changed today, best performer over the week

NZ dollar little changed today, best performer over the week
Wellington, March 19 NZPA - The New Zealand dollar consolidated at higher levels today and over the week was the best performing in the world, according to BNZ.