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Southland Building Society

HBS shareholders approve merger with SBS

HBS shareholders approve merger with SBS
Wellington, Aug 31 NZPA - HBS Building Society has received shareholder approval for its proposed merger with SBS Bank, the former Southland Building Society.

SBS Bank and HBS merger benefits more obvious for HBS

SBS Bank and HBS merger benefits more obvious for HBS
Wellington, July 2 NZPA - Fitch Ratings said the advantages of a proposed merger of SBS Bank, the former Southland Building Society, and Hawke's Bay-based HBS Building Society are more obvious for HBS.

SBS Bank reports higher surplus, says open to mergers

SBS Bank reports higher surplus, says open to mergers
Wellington, June 16 NZPA - SBS Bank, the former Southland Building Society, reported an operating surplus of $19.4 million in the year to March 31, up from $18.5m last year and said it is open to mergers with like-minded organisations.

SBS Bank Makes Profit In Demanding Environment

SBS Bank Makes Profit In Demanding Environment
Wellington, Nov 26 NZPA - SBS Bank said customer deposits grew by nearly $300 million, or more than 15 percent, in the past 12 months since it became a bank.

SBS Bank Reports Healthy First Quarter

SBS Bank Reports Healthy First Quarter
Wellington, Sept 3 NZPA - SBS Bank said its operating surplus in the first quarter ended June 30 was $5.4 million from $5.3m in the same period last year.

Banks Cut Home Loan Rates

Banks Cut Home Loan Rates
Wellington, Dec 4 NZPA - Banks moved within hours to slash home loan rates in the wake of the Reserve Bank cutting its official cash rate by a record 1.5 percentage points to 5 percent.

Banks Cut Home Loan Rates

Banks Cut Home Loan Rates
Wellington, Dec 4 NZPA - Banks moved within hours to slash home loan rates in the wake of the Reserve Bank cutting its official cash rate by a record 1.5 percentage points to 5 percent.

SBS, ASB Cut Rates

SBS, ASB Cut Rates
Wellington, Dec 4 NZPA - Invercargill-based SBS Bank was the first bank to announce a mortgage rate reduction in reaction to the Reserve Bank's cash rate cut today. The Reserve Bank cut the Official Cash Rate by 1.5 basis points to 5 percent.

SBS Records Deposit Growth In First Month As Bank

SBS Records Deposit Growth In First Month As Bank
Wellington, Nov 10 NZPA - SBS Bank, the former Southland Building Society, said net deposits expanded by $75 million in its first month of operation as a bank.

Marac Intends To Join Deposit Guarantee Scheme

Marac Intends To Join Deposit Guarantee Scheme
Wellington, Oct 14 NZPA - Marac Finance has joined the list of financial institutions intending to opt-in to the Government's deposit guarantee scheme.

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