BNZ

BNZ - Latest News [Page 31]

BNZ offers lowest variable rate in NZ

Thursday, 17 September 2009, 3:52 pm | BNZ

BNZ has today announced a 0.26 reduction in the TotalMoney variable housing rate making it the lowest variable home loan rate available in the market at 5.59. Further to this, the variable rate for Standard, GlobalPlus, Fly Buys, Rapid Repay home loan ... More >>

BNZ Weekly Overview - September 10 2009

Friday, 11 September 2009, 10:52 am | BNZ Weekly

It was no surprise this morning that the Reserve Bank left their cash rate at 2.5%, and also no surprise that they said they currently plan leaving it there until “..the latter part of 2010.” We don’t think they will be able to wait that long given ... More >>

BNZ Monthly Survey Results

Monday, 7 September 2009, 3:02 pm | BNZ

Attached you will find the results of last Friday’s survey of BNZ Weekly Overview readers. The results show confidence rising to a record net 56% positive about the economy over the coming year from 42% in August and 15% in July. Businesses note ... More >>

September 3 2009 issue of the BNZ Weekly Overview

Friday, 4 September 2009, 9:40 am | BNZ Weekly

This is the first issue for the month so we are once again running our monthly survey. If time permits please click on the url below and let us know if you feel the economy will get better or worse over the coming year. And if possible let us know what your ... More >>

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

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 - Latest News [Page 31]

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