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Public Trust Turns Around From Financial Shocker

Wellington, March 3 NZPA - Public Trust has turned around a shocking financial result last year to record a $3.7 million profit for the six months ended December.

Kiwibank Looking For Non-Kiwi Cash

Kiwibank Looking For Non-Kiwi Cash
Wellington, Feb 19 NZPA - The head of Kiwibank says it will need to use overseas funding to grow, driven in part by new Reserve Bank rules regarding liquidity.

Kiwibank's Profits Down 9 Percent

Kiwibank's Profits Down 9 Percent
Wellington, Feb 19 NZPA - Kiwibank has declared a 9 percent drop in half year profit to $23.5 million.

F And P Appliances Gains BB Rating For Finance Unit

F And P Appliances Gains BB Rating For Finance Unit
Wellington, Feb 17 NZPA - Fisher & Paykel Appliances Holdings Ltd said Standard & Poor's Ratings Services has assigned a BB long-term issuer credit rating with a stable outlook to its wholly owned subsidiary, Fisher & Paykel Finance Ltd.

ASB Profit Wrecked By IRD Bill

ASB Profit Wrecked By IRD Bill
Wellington, Feb 10 NZPA - ASB's settlement with Inland Revenue has seen its shrinking profit for the last half of 2009 turn into a $10 million loss, the bank said today.

RBNZ Governor Warns Of Property Boom Risks

RBNZ Governor Warns Of Property Boom Risks
Wellington, Nov 11 NZPA - Reserve Bank Governor Alan Bollard continues to warn of the risks of another property boom, pointing to the need to ensure the tax system does not advantage investment in property.

Operating Conditions Remain Challenging In NZ, Says CBA

Operating Conditions Remain Challenging In NZ, Says CBA
Wellington, Nov 9 NZPA - ASB performed well in the first quarter but operating conditions remain difficult in New Zealand, parent Commonwealth Bank of Australia (CBA) said today.

Kiwibank Plans To Seek Funding Offshore

Kiwibank Plans To Seek Funding Offshore
Wellington, Aug 20 NZPA - Kiwibank is for the first time planning to seek funding offshore, due to the pressure on domestic funding sources. Chief executive Sam Knowles said the move had been inevitable but was being brought forward a couple of years from what was previously expected.

Kiwibank's Annual Profit Up 43 Percent

Kiwibank's Annual Profit Up 43 Percent
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".

ASB Profit Falls 17.5 Percent, Bank Defends Its Role

ASB Profit Falls 17.5 Percent, Bank Defends Its Role
Wellington, Aug 12 NZPA - The perception of an Australian bank reaping profits for its own benefit is far from the reality, ASB Bank Ltd said in reporting a $NZ425 million annual profit. The after-tax operating profit in the year to June 30 is down 17.5 percent on last year.

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