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.

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.

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

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.

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.

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.

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.

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.

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 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.