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The Bank of New Zealand

BNZ steady in Q3 despite challenges

BNZ steady in Q3 despite challenges
Wellington, Aug 10 NZPA - The Bank of New Zealand held on to its market share in the third quarter despite ongoing intense competition, and continued reigning in poor quality assets amid weakness in the economy.

Bank uses software to beat credit-card thieves

Bank uses software to beat credit-card thieves
Wellington, June 24 NZPA - The Bank of New Zealand's novel software-based technology for reducing credit-card fraud is being rolled out in Australia by its parent company, National Australia Bank.

BNZ sells $425m of covered bonds in first sale

BNZ sells $425m of covered bonds in first sale
Wellington, June 14 NZPA - The Bank of New Zealand has got the first sale of covered bonds away in New Zealand. It has sold $425 million of five and seven year bonds to New Zealand institutions. Settlement is on June 16.

BNZ new $3 billion bonds programme positive - Moody's

BNZ new $3 billion bonds programme positive - Moody's
Wellington, June 8 NZPA - The Bank of New Zealand's new $3 billion bond programme is positive for the bank and the country's banking system as it widens the wholesale funding available, credit rating agency Moody's said today.

Banking Tax Settlement `Good For Both Sides'

Banking Tax Settlement `Good For Both Sides'
Wellington, Dec 24 NZPA - A $2.2 billion stocking filler tax settlement is something of a win-win for both the Government and the country's four main banks on the eve of Christmas, says a banking academic.

Xero Raises $23.2m From Key Strategic Investors

Xero Raises $23.2m From Key Strategic Investors
Wellington, April 7 NZPA - Online accounting software company Xero raised $23.2 million, with the company saying the money came from strategic investors who could add value to its growth strategies.

"March Madness" Continues As Mortgage Borrowers Face Squeeze

"March Madness" Continues As Mortgage Borrowers Face Squeeze
Wellington, March 27 NZPA - More retail banks today rushed to boost mortgage rates, continuing the squeeze on home buyers seeking longer-term loans. The Bank of New Zealand said its fixed housing rates for 3, 4, 5, and 7 year terms were reflecting the rising cost of long-term funds.

BNZ Lowers Variable Home Loan Rates

Wellington, Jan 19 NZPA - The Bank of New Zealand said today it is dropping its rates across its range of variable home loan products. The move follow changes in wholesale markets and is effective Thursday. The standard variable rate falls from 8.19 percent to 7.49 percent.

Bank Union Calls For Regulation Of Bank Lending

Wellington, Oct 22 NZPA - The Bank of New Zealand's $657 million annual profit has triggered a renewed call for closer scrutiny of bank lending policies from Finsec, the finance workers union.

BNZ Rebranding - Thank The Pigs

Wellington, Oct 1 NZPA - Gone are the stars of the Southern Cross, the gold chevron and even the venerable Bank of New Zealand name. Because as from today The Bank of New Zealand is no more, and you might have to blame those cute little piggies in the ads.

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