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BNZ - Latest News [Page 31]
BNZ, CommComm reach settlement on interchange case
Monday, 5 October 2009, 11:28 am | BNZ
BNZ has signed a settlement agreement with the Commerce Commission in relation to claims over interchange for credit card transactions. Chris Reid, BNZ Chief General Counsel said, “BNZ is pleased to have settled the claims by agreement with the ... More >>
October 1 2009 issue of the BNZ Weekly Overview
Friday, 2 October 2009, 9:43 am | BNZ Weekly
This week we are once again running our monthly confidence survey. If time permits please click on the URL below and let us know whether you feel the economy will be better in a year’s time or worse. Also, let us know what is happening in your industry ... More >>
BNZ introduces small business service
Thursday, 1 October 2009, 12:55 pm | BNZ
Small businesses make up over 89% of all New Zealand business. BNZ has responded to this industry segment by introducing a dedicated service offering for small business customers from 1 October. More >>
September 24 issue of the BNZ Weekly Overview
Friday, 25 September 2009, 11:17 am | BNZ Weekly
The NZD traded briefly above 73 cents this week driven higher by the official ending of the country’s recession, better than expected current account data, and Fonterra’s bigger than expected payout revision. While the NZD seems to have got ahead of the ... More >>
New orders/business boosts service sector activity
Monday, 21 September 2009, 4:57 pm | Bank of New Zealand
The service sector continued on its road to recovery as the August result provided the first consecutive monthly expansion since early 2008, according to the BNZ Capital - Business NZ Performance of Services Index (PSI). The PSI for August stood at 51.3, ... More >>
BNZ Weekly Overview, September 17 2009
Friday, 18 September 2009, 4:18 pm | Bank of New Zealand
The NZ dollar has continued its merry way upward this week trading near 71.5 cents this afternoon with support from the same factor we have highlighted for months now – rising risk tolerance around the world. This week the economic data out of the ... More >>
Home loan affordability deteriorates
Friday, 18 September 2009, 2:40 pm | BNZ Weekly
Rising house prices and interest rates combined in August to weaken home loan affordability to its worst level in 2009, the BNZ Home Loan Affordability measure shows. More >>
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 >>
