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Brian Jolliffe

Jolliffe's Departure From PGC Signalled

Jolliffe's Departure From PGC Signalled
Wellington, Oct 31 NZPA - Brian Jolliffe will step down as managing director of Pyne Gould Corporation (PGC) and its finance subsidiary Marac Finance on June 30 next year. Mr Jolliffe is leaving for lifestyle reasons.

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.

Pyne Gould Corporation To Seek Banking Licence

Wellington, Sept 30 NZPA - Pyne Gould Corporation (PGC) says it is proposing to restructure its operations to become the only New Zealand-owned publicly listed bank.

Marac Finance Profit Up, But Says `Impaired Assets' Over 11pc

Wellington, Aug 26 NZPA - Pyne Gould Corporation (PGC) finance company Marac Finance Ltd says its net operating income rose 17 percent to $70.2m in the year to June 30. It today posted a net profit after tax of $25.9m, an increase of 5 percent.

Marac Finance Profit Up, But Says `Impaired Assets' Over 11pc

Wellington, Aug 26 NZPA - Pyne Gould Corporation (PGC) finance company Marac Finance Ltd says its net operating income rose 17 percent to $70.2m in the year to June 30. It today posted a net profit after tax of $25.9m, an increase of 5 percent.

Marac Bond Issue Raises $104.2m

Wellington, July 23 NZPA - Marac Finance has raised $104.2 million through a secured bond issue. The Pyne Gould Corporation subsidiary had offered $100m worth of five year, fixed rate secured bonds with a further $25m set aside for over-subscriptions.

Marac Launches Secured Bond Offer

Wellington, June 23 NZPA - Demand continues to be strong for loans to buy agricultural equipment and in connection with infrastructure projects, finance company Marac says.

Marac Yr Net Profit Forecast To Rise

Wellington, June 10 NZPA - Pyne Gould Corporation-owned Marac Finance has forecast a rise in annual net profit despite slowing growth in assets.

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