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Kiwibank - Latest News [Page 1]
Kiwibank Half-year Results For The Six Months To 31 December 2023
Thursday, 22 February 2024, 9:35 am | Kiwibank
Kiwibank today announced a net profit after tax of $105m for the six months to 31 December 2023, up 7% on the prior half. Chief Executive Steve Jurkovich said being 100% fully New Zealand owned meant every New Zealander is part of the bank’s improved ... More >>
New Data From Kiwibank Reveals New Zealand’s Penny-pinchingSummer
Monday, 12 February 2024, 12:01 pm | Kiwibank
Kiwibank, the largest New Zealand-owned bank, is providing insight into New Zealand's penny-pinching summer with the release of the Kiwibank Household Spending Tracker for the December 2023 quarter, and January 2024. According to data collected from ... More >>
The Labour Market Is Softening, With The Worst To Come
Wednesday, 7 February 2024, 10:52 am | Kiwibank
* Today's employment report was stronger than expected, but is still softening. The unemployment rate has lifted from 3.9% to 4.0%, we thought it would be nearer 4.2% (consensus 4.3%), and is likely to push above 5% this year. The lift in unemployment ... More >>
100 Kiwibank Local Hero Medallists Announced Across 14 Regions Of Aotearoa
Thursday, 16 November 2023, 11:10 am | Kiwibank
Today, the nation celebrates as the names of 100 outstanding Kiwi’s are unveiled as the 2024 Kiwibank Local Hero Te Pou Toko o te Tau Medallists. From Kaitaia to Bluff, these individuals have been recognised for their exceptional contributions ... More >>
Kiwibank Rate Changes
Monday, 25 September 2023, 9:32 am | Kiwibank
We are making changes to our Term Deposit and Fixed Home Loan rates effective Monday 25th September. We regularly review our interest rates to ensure we are balancing our lending and deposit rates so all our customers are receiving a fair deal. With ... More >>
Kiwibank Rate Changes
Thursday, 31 August 2023, 1:10 pm | Kiwibank
We are making changes to our Term Deposit and fixed Home Loan rate cards effective Thursday 31st August. Term Deposit Card Interest Tier: $10,000+ $5,000 - $9,999 Current Rate New Rate Change Current Rate New Rate ... More >>
Kiwibank Wears Its PRIDE On Its Heart
Wednesday, 5 July 2023, 11:54 am | Kiwibank
Kiwibank through its in-house Pride Network has created its very own PRIDE symbol ‘Te Kahukura Kāpuia’ – The Multicoloured Collective is a symbol of its commitment to the Rainbow whānau and its culture of inclusivity. Kiwibank undertook this important ... More >>
Kiwibank Term Deposits Changes
Tuesday, 20 June 2023, 9:10 am | Kiwibank
Term Deposits Effective from Monday 19 June Headline rate: 5.85% p.a for one year. Minimum $10k investment. Interest Tier: $10,000+ $5,000 - $9,999 Current Rate New Rate Change Current Rate New Rate Change 1 Year 5.75% ... More >>
Kiwibank And RAD Teaming Up To Provide Rangatahi With Devices And Digital Skills
Monday, 19 June 2023, 1:57 pm | Kiwibank
Kiwibank and Recycle a Device (RAD) are working together to give Kiwibank’s laptop assets a second chance at life within New Zealand communities. RAD is a community driven, not for profit that reduces e-waste by taking donations of unwanted laptops ... More >>
First View - The “No Frills” Budget Must Balance A Massive Rebuild And Weaker Revenue
Monday, 15 May 2023, 5:22 pm | Kiwibank
The Kiwi economy is softening, and that means less inflation. Inflation expectations have fallen back, and are more inline with the RBNZ target mandate. Expectations of inflation should fall further. The Government’s “no frills” budget must ... More >>
Kiwibank Launches New, More Inclusive EFTPOS, Debit And Credit Cards
Tuesday, 28 February 2023, 11:41 am | Kiwibank
Kiwibank customers can now access a new suite of EFTPOS, credit and debit cards that will cater to a wide range of accessibility needs. Available as new and replacement cards, they will feature a range of improvements targeted at making banking easier ... More >>
Kiwibank Half-year Results For The Six Months To 31 December 2022
Thursday, 23 February 2023, 10:24 am | Kiwibank
Kiwibank today announced a net profit after tax of $98m for the six months to 31 December 2022, up 53% on the same time last year. Kiwibank Chief Executive, Steve Jurkovich, said while the bank’s strong first half reflected the resilience of ... More >>
Kiwibank Supports Customers Impacted By Flooding With Financial Relief Options
Monday, 30 January 2023, 11:54 am | Kiwibank
Our thoughts are with those currently affected by the North Island flooding. If you've been financially impacted by the flooding, Kiwibank is here to help and support you with a range of initiatives. We're offering support to customers impacted by ... More >>
Kiwibank Announces New Executive Appointment: Chief Purpose And Brand Officer
Tuesday, 24 January 2023, 10:53 am | Kiwibank
Kiwibank today announced the appointment of Julia Jack to the newly created role of Chief Purpose and Brand Officer. Kiwibank Chief Executive, Steve Jurkovich, said Ms Jack will lead the newly created role which brings together the bank’s Corporate ... More >>
The Labour Market Remains As Tight As A Drum, And Wages Are Rising Rapidly
Thursday, 3 November 2022, 7:12 am | Kiwibank
The labour market remains too tight, according to the latest labour market report. To meet labour constraints workers are putting in more hours and firms are hiring from a broader set of people. The unemployment rate was unchanged at the near record ... More >>
The Fight Against Inflation Is Far From Over. We Expect The RBNZ To Hike To 4.5%, Up From 4.0%.
Tuesday, 18 October 2022, 10:55 am | Kiwibank
Kiwi inflation is running hot. Price pressure far exceeds market expectations and interest rates will be forced higher in response. The headline rate of inflation eased a touch from 7.3% to 7.2%, after a stronger than expected 2.2% gain on the ... More >>
Kiwibank Delivers Strong Progress In 2022 Sustainability Report
Thursday, 6 October 2022, 10:38 am | Kiwibank
Kiwibank today released its 2022 Sustainability Report , which demonstrates the progress the New Zealand-owned bank has made over the past year against its purpose and sustainability goals. Kiwibank Chief Executive Steve Jurkovich said being a purpose-led, ... More >>
RBNZ Lifts The Cash Rate By Another 0.5%. The (huge) Impact On Households Will Be Felt Over Spring-summer
Wednesday, 5 October 2022, 2:04 pm | Kiwibank
RBNZ hiked the cash rate 50bps to 3.5%, for the fifth consecutive meeting. The decision was in line with our view and that of the markets’. The cash rate has been pushed well through neutral (2%) and into truly restrictive territory. The RBNZ reiterated ... More >>
Housing Supply And Demand: From Famine To Feast
Wednesday, 24 August 2022, 11:09 am | Kiwibank
Today we released our latest analysis on NZ’s current housing shortage and the housing market in general. The full note can be found here: https://inner.kiwi/commentary/housing-supply-and-demand-famine-feast/ New housing supply far exceeded an anaemic rise in new housing demand over the last ... More >>
Kiwibank Full Year Results For The Year Ended 30 June 2022: A Year Of Strong Delivery On Performance And Purpose
Thursday, 18 August 2022, 9:40 am | Kiwibank
Kiwibank today announced a net profit after tax of $131m for the 12 months to 30 June 2022, up 4% on FY21. The improved result is the best in the history of the bank and was driven by higher revenue and a continued focus on costs. At the same time ... More >>
