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Bank of New Zealand

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.

Warehouse to offer $100m in bonds

Warehouse to offer $100m in bonds
Wellington, March 12 NZPA - Retailer The Warehouse Group is looking to raise $100 million in a fixed rate bond offer, with the funds being used to reduce existing bank debt and to finance the planned construction of new and replacement stores.

Corporate Fixer Heads South Canterbury Finance

Corporate Fixer Heads South Canterbury Finance
Wellington, Dec 29 NZPA - Corporate fixer Sandy Maier has been appointed chief executive of under pressure South Canterbury Finance.

Botry-Zen Ltd Asks Banks To Appoint Receivers

Botry-Zen Ltd Asks Banks To Appoint Receivers
Wellington, Dec 23 NZPA - Botry-Zen Ltd has asked its banker, Bank of New Zealand, to appoint receivers. The company held a board meeting this afternoon after failing to raise a minimum $1.5 million in a share purchase plan.

Botry-Zen Ltd Asks Banks To Appoint Receivers

Botry-Zen Ltd Asks Banks To Appoint Receivers
Wellington, Dec 23 NZPA - Botry-Zen Ltd has asked its banker, Bank of New Zealand, to appoint receivers. The company held a board meeting this afternoon after failing to raise a minimum $1.5 million in a share purchase plan.

PGG Wrightson Finance Secures New Bank Arrangement

PGG Wrightson Finance Secures New Bank Arrangement
Wellington, Dec 17 NZPA - PGG Wrightson Finance has formed a banking syndicate with existing bankers Bank of New Zealand and Commonwealth Bank of Australia, which other banks can join.

Appointment Brings NZ Super Fund And Infratil Even Closer

Appointment Brings NZ Super Fund And Infratil Even Closer
Wellington, Nov 6 NZPA - The Government has brought the New Zealand Superannuation Fund and infrastructure company Infratil even closer today with a key appointment.

BNZ Core Bank Earnings Down, Institutional Earnings Up

BNZ Core Bank Earnings Down, Institutional Earnings Up
Wellington, Oct 28 NZPA - Earnings are down in Bank of New Zealand's core New Zealand banking business but the institutional business had a bumper year, care of volatile financial markets.

RB Governor Says High Dollar Not Big Factor In Interest Rates

RB Governor Says High Dollar Not Big Factor In Interest Rates
By Maggie Tait of NZPA Wellington, Oct 21 NZPA - Reserve Bank of New Zealand (RBNZ) Governor Alan Bollard says a high New Zealand dollar is unhelpful but would not be a big factor when considering raising interest rates.

Tax Cases Will Not Affect Australian Bank Ratings - Moody's

Tax Cases Will Not Affect Australian Bank Ratings - Moody's
Wellington, Oct 12 NZPA - The ratings of Australian banks will not be affected by the sizeable costs they face from unfavourable tax judgments in New Zealand, Moody's Investor Services said.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.