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Commonwealth Bank of Australia

Goodman Fielder signals bond sale in New Zealand

Goodman Fielder signals bond sale in New Zealand
Wellington, Sept 30 NZPA - Goodman Fielder Ltd is signalling a $250 million bond sale to the New Zealand public later this month.

Silver Fern Farms to repay bonds early

Wellington, Sept 29 NZPA - Silver Fern Farms says it will repay five-year bonds which mature on December 15, 2010 a month early.

PGC in talks to buy Aegis from ASB

PGC in talks to buy Aegis from ASB
Wellington, Sept 2 NZPA - Pyne Gould Corp said its subsidiary Perpetual Group is in advanced exclusive talks with ASB Bank Ltd to buy fund management business Aegis.

ANZ says New Zealand business is recovering well from lows

ANZ says New Zealand business is recovering well from lows
Wellington, Aug 20 NZPA - ANZ Group sees "a lot of upside" in New Zealand where the profitability of its business is recovering well from the lows of the second half of 2009 and the first half of 2010.

Kiwibank needs to generate more capital internally

Kiwibank needs to generate more capital internally
Wellington, Aug 12 NZPA - Former New Zealand Business Roundtable chairman Sir Ralph Norris said state-owned Kiwibank does not have enough capital because it is under pricing its products.

ASB feels the heat on deposits but does better on mortgages

ASB feels the heat on deposits but does better on mortgages
Wellington, Aug 11 NZPA - ASB is earning lower margins on deposits in an extremely competitive market, but a move by customers from fixed-rate to higher margin floating-rate home loans is an offsetting influence, according to parent Commonwealth Bank of Australia (CBA).

Sovereign Insurance reports lower profit as claims rise

Sovereign Insurance reports lower profit as claims rise
Wellington, Aug 11 NZPA - New Zealand's Sovereign Insurance reported a 13 percent fall in annual profit after experiencing a significant increase in claims, particularly in its first half, Commonwealth Bank of Australia (CBA) said.

ASB reports profit, invests in business

ASB reports profit, invests in business
Wellington, Aug 11 NZPA - ASB says there is intense competition for retail deposits and funding costs for banks are still high but it has reported a $428 million net profit after tax in the year to June 30.

ASB reports solid annual profit

ASB reports solid annual profit
Wellington, Aug 11 NZPA - ASB says there is intense competition for retail deposits and funding costs for banks are still high but it has reported a $428 million net profit after tax in the year to June 30.

ASB hikes floating mortgage rate

ASB hikes floating mortgage rate
Wellington, Aug 5 NZPA - ASB has become the first bank to hike its floating mortgage rate after the Reserve Bank of New Zealand raised the official cash rate by 25 basis points to 3 percent on July 29.

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