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BNZ - Latest News [Page 32]
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 >>
BNZ Weekly Overview.
Friday, 5 June 2009, 9:45 am | BNZ Weekly
This week we are once again running our monthly survey. If time permits please click on the link below and tick whether you believe the economy will get better or worse over the coming year. Also if possible, pen a sentence letting us know how things ... More >>
BNZ Weekly Overview - Budget
Friday, 29 May 2009, 10:57 am | BNZ Weekly
By the time anyone gets to read this week’s edition of the WO there will be literally thousands of pages of information about the 2009 Budget already on the internet. So there seems little point in doing anything other than running through some of ... More >>
BNZ Weekly Overview - May 21 2009
Friday, 22 May 2009, 1:11 pm | Bank of New Zealand
The NZD has crept back above 60 cents this week with the world increasingly buying into the green shoots theory and acting on it by buying growth and risky assets. This in spite of some truly appalling economic numbers released during the week including ... More >>
BNZ Weekly Overview - May 14 2009
Thursday, 14 May 2009, 5:01 pm | Bank of New Zealand
First of all many thanks to all those who responded to our monthly survey. The results give the most up to date timely measure of business sentiment in NZ and show a huge sigh of relief that the Great Depression scenario has been avoided. More >>
BNZ Confidence Survey Results, May 11 2009
Monday, 11 May 2009, 10:45 am | Bank of New Zealand
Our monthly BNZ Confidence Survey has revealed a substantial improvement in sentiment over the past month. A net 27% of respondents feel the economy will improve over the coming year. This is well up from balanced expectations in April and a net 23% ... More >>
BNZ Weekly Overview
Friday, 8 May 2009, 10:23 am | BNZ Weekly
This morning we learnt that although employment fell 24,000 in the March quarter the unemployment rate only rose to 5% from 4.7%. The rate has averaged 4.8% over the past decade. But interestingly, we also learnt today that in Australia employment ... More >>
April 23 2009 issue of the BNZ Weekly Overview
Friday, 24 April 2009, 10:11 am | BNZ Weekly
The NZD has fallen to just over 55 US cents this week with some downward pressure from a downbeat report on NZ by the OECD, perhaps some rise in world growth worries associated with the worrying six monthly report by the IMF, and anticipation of an ... More >>
BNZ Weekly Overview - April 16 2009
Friday, 17 April 2009, 9:43 am | BNZ Weekly
The NZD has ended the week unchanged against the USD – still near 57 cents with support from those continuing to give the benefit of the doubt to light at the end of the US economic tunnel. This mild optimism – which has driven the sharp gains ... More >>
BNZ Weekly Overview April 8 2009
Thursday, 9 April 2009, 1:32 pm | Bank of New Zealand
The NZD has once again ended the week near US 57 cents with an initial rise to near 60 cents early in the week reversed on the back of very weak business hiring and investment intentions revealed in yesterday’s NZIER quarterly survey. The survey ... More >>
