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BNZ - Latest News [Page 31]
BNZ “Closed for Good” is open to suggestions!
Tuesday, 1 September 2009, 4:00 pm | BNZ
A lot of organisations give their staff a day off now and then for volunteer work. This November, BNZ is taking this a step further, by closing the bank for a day. It’s called Closed for Good. On 4 November, BNZ stores and offices will be closed ... More >>
August 27 2009 issue of the BNZ Weekly Overview
Thursday, 27 August 2009, 5:29 pm | Bank of New Zealand
The week has been almost totally bereft of data releases in New Zealand so there is little to write about in the Weekly Overview. Wholesale interest rates are where they were last week while the NZD is slightly higher on the back of firmer investor ... More >>
Closed For Good Is Open For Business!
Tuesday, 25 August 2009, 3:43 pm | Bank of New Zealand
Closed for Good is a unique way for New Zealand communities to get free help with projects. On Wednesday, 4 November, BNZ is closing all our stores and most of our support offices – “for good”. On that day, we won’t be working for BNZ, we’ll ... More >>
BNZ Home Loan Affordability report
Friday, 21 August 2009, 3:43 pm | BNZ
The BNZ Home Loan Affordability measure was unchanged in July from June as interest rates were steady and house prices did not move. However, interest rate increases since the end of July and signs of renewed confidence in the housing market going ... More >>
August 20 BNZ Weekly Overview
Friday, 21 August 2009, 10:20 am | BNZ Weekly
The only interesting data releases this week appeared last Friday when we saw confirmation that house prices are rising again in New Zealand and that retail spending is growing again. The numbers certainly don’t indicate that strong growth lies just ahead ... More >>
BNZ Weekly Overview August 13
Thursday, 13 August 2009, 12:03 pm | BNZ Weekly
This week we have seen wholesale interest rates creep higher with increasing acceptance around the world of mild economic recovery. We have also seen a round of bank lending rate increases to reflect funding cost rises over the past couple of months. Interestingly ... More >>
BNZ changes home lending rates
Thursday, 13 August 2009, 10:10 am | BNZ
BNZ has today announced a reduction in the TotalMoney variable housing rate making it the lowest variable home loan rate available in the market. In addition, the variable rate for Standard, GlobalPlus, Fly Buys and Rapid Repay home loan products has been ... More >>
BNZ to Appeal Tax Case Decision
Tuesday, 11 August 2009, 1:24 pm | BNZ
BNZ Chief Executive Officer Andrew Thorburn today announced the bank will file an appeal against last month’s High Court judgment on the Structured Finance Tax Case. Andrew Thorburn said: “This is a complex area of law, and given the facts of the ... More >>
First home buyers still better off renting
Thursday, 30 July 2009, 1:26 pm | BNZ
First home buyers were financially better off renting in June rather than buying, as another slight rise in interest rates and house prices widened the gap, the BNZ Rent-or-Buy measure of housing affordability shows. More >>
BNZ drops dishonour fees on overdrawn accounts
Wednesday, 29 July 2009, 1:56 pm | BNZ
BNZ today announced it will stop charging honour fees, dishonour fees and unpaid bill fees on transaction and savings accounts from 1 September 2009. The changes apply to both business and personal accounts. Dishonour fees and honour fees are ... More >>
July 23 2009 issue of the BNZ Weekly Overview
Friday, 24 July 2009, 12:33 pm | BNZ Weekly
Fresh news has been light on the ground domestically this week. We have learnt that the net migration inflow continues to rise courtesy of a 27% fall in Kiwis leaving the country, and that average house prices fell just 1% during the March quarter ... More >>
High Court Judgment Released On Tax Case
Friday, 17 July 2009, 10:37 am | BNZ
As previously disclosed, the New Zealand Inland Revenue Department (IRD) is carrying out a review of certain structured finance transactions undertaken by some New Zealand banks. As part of this, BNZ received amended tax assessments for the 1998 to 2005 ... More >>
BNZ Weekly Overview July 16 2009
Friday, 17 July 2009, 10:31 am | BNZ Weekly
This week we saw the NZ dollar trade briefly below US 62 cents. But it is now back just below 65 cents following a strong rally in the US sharemarket overnight and jump by investors into risky assets like the NZD. A retracement to settle back below ... More >>
High Court Judgment Released On Tax Case
Thursday, 16 July 2009, 1:22 pm | BNZ
As previously disclosed, the New Zealand Inland Revenue Department (IRD) is carrying out a review of certain structured finance transactions undertaken by some New Zealand banks. As part of this, BNZ received amended tax assessments for the 1998 to 2005 ... More >>
July 9 2009 BNZ Weekly Overview
Thursday, 9 July 2009, 3:11 pm | Bank of New Zealand
This week we take a look at a growing number of economic indicators in New Zealand which are getting better. Then we note why extreme caution is still required about the next 12-18 months including continuing uncertainty about the world economy and ... More >>
BNZ Monthly Confidence Survey Results
Tuesday, 7 July 2009, 9:52 am | Bank of New Zealand
Our monthly BNZ Confidence Survey has revealed that a net 15% of respondents feel positive about the economy over the coming year. By historical standards this result is very high. But it is down from 18% in June and 27% in May and in our opinion still ... More >>
BNZ Weekly Overview
Friday, 3 July 2009, 9:14 am | BNZ Weekly
Because we haven’t done this for a while, lets take a run-through of the things which will influence the strength of household spending over the coming year, starting with an assessment of how that spending has been going recently. About 60% of household ... More >>
BNZ Weekly Overview - June 18 2009
Thursday, 18 June 2009, 5:26 pm | Bank of New Zealand
This week we consider what will happen to oil and petrol prices once the world one day starts humming again, explain to the Reserve Bank again that we banks don’t fund any of our loans at their cash rate, and give a quick overview of the road ahead. More >>
BNZ Weekly Overview, June 11
Friday, 12 June 2009, 9:50 am | BNZ Weekly
The Reserve Bank this morning left their cash rate unchanged at 2.5% and said they intend keeping it low until late-2010. Their comments about the economy were more positive than expected with the result that the NZD has risen one cent to end Thursday ... More >>
BNZ Weekly Overview - Sentiment Remains Positive
Monday, 8 June 2009, 11:24 am | BNZ Weekly
To help Kiwi businesspeople and householders make informed financial decisions by discussing the economy in a language they can understand. Sentiment Remains Positive Our monthly survey of BNZ Weekly Overview readers has revealed a small decrease in ... More >>
