Wellington, Aug 20 NZPA - Kiwibank has announced a normalised after-tax profit for the year of $52.5 million, up 43 percent from $36.8m last year. Chief executive Sam Knowles described the result, for the year ended June 30, as "a clear indication that the bank is on a strong growth path".

Wellington, Aug 13 NZPA - Kiwibank and BNZ both raised their three, four and five-year fixed mortgage rates today, bringing them into line with recent increases by other major banks.

Wellington, Aug 13 NZPA - New Zealand's banks are faring better than those in the UK and US but not as well as Australian banks, according to PricewaterhouseCoopers.

Wellington, Aug 12 NZPA - The Commerce Commission has settled the issue of credit card interchange fees with Visa after the card company approached it.

Wellington, Aug 5 NZPA - Goodman Property Trust had an acting chairman standing in for an acting chairman today at an annual unitholders meeting at which there were no resolutions requiring a vote.

Wellington, July 24 NZPA - Funds flowing into KiwiSaver products started to plateau in the June quarter, but Kiwibank is attracting money to its cash PIE products, according to a report by FundSource.

Wellington, July 17 NZPA - A measure of customer satisfaction with the major New Zealand banks declined slightly in April after seven consecutive months of increases, according to a survey.

Wellington, July 10 NZPA - Some relaxation seems to be under way to the tougher home lending criteria banks introduced as the world was gripped by financial crisis last year.

Wellington, July 8 NZPA - Kiwibank's boss thinks the bank's business model would work well in Australia and provide competition to the big four banks.

Wellington, June 23 NZPA - Some of the nation's biggest advertisers are well down the latest list of "trusted brands" compiled in an annual survey of New Zealand consumers.