Kiwibank - Latest News [Page 1]

Snap Lockdown Snaps Spending Streak

Thursday, 8 April 2021, 11:06 am | Kiwibank

The resilience of household spending has surprised us, and has been a key driver of the Kiwi economy’s post-lockdown recovery. The splurge in spending over the second half of last year lasted much longer than expected. But now we have seen a ... More >>

Another Contraction In Economic Activity. It's Turbulence.

Thursday, 18 March 2021, 11:07 am | Kiwibank

According to StatsNZ “Activity in the December quarter shows a mixed picture – some industries are down, but others have held up or risen, despite the ongoing impact of COVID.” More >>

Kiwibank Focused On Delivering Better Outcomes For Customers.

Thursday, 25 February 2021, 9:36 am | Kiwibank

Kiwibank today announced a solid half year result for the six months to 31 December 2020 as it continued to focus on delivering better outcomes for customers. The bank recorded a net profit after tax of $55 million, up $4 million (8%) on the prior corresponding ... More >>

We're Growing In Confidence. But We've Just Been Reminded Of The World In Which We Live

Monday, 25 January 2021, 11:20 am | Kiwibank

Businesses are feeling upbeat about the economy. Renewed optimism, however, was built on our ability to keep covid at bay. We're on tenterhooks. Inflation in the last quarter proved much stronger than expected. Strong demand and severe supply ... More >>

A September Spring Fling. Double-digit Growth Won’t Be Repeated

Thursday, 17 December 2020, 1:37 pm | Kiwibank

Smaller slide, bigger bounce The Kiwi economy bounced back with a vengeance, recording a masssive 14% rebound in Q3, following the 11% contraction in Q2. This is as close as you get to a true V-shaped recovery. Output in all main industry groups rose over ... More >>

FLPing Property Just Got Cheaper. The RBNZ Will Provide Banks With Cheaper Funding.

Wednesday, 11 November 2020, 3:19 pm | Kiwibank

The RBNZ kept the cash rate at 0.25%, and the LSAP was left alone at $100bn. Neither the cash rate nor the LSAP were in play today. The decision centred on the introduction of a funding for lending programme, FLP. And the RBNZ delivered. The FLP will provide ... More >>

Household Spending Tracker Confirms Lockdown Trends

Tuesday, 6 October 2020, 1:31 pm | Kiwibank

Kiwibank’s latest Household Spending Tracker for the September quarter shows that some lockdown habits are becoming entrenched as more New Zealanders shift to online and contactless spending while working from home becomes more common. The Kiwibank ... More >>

Kiwibank Announces Full Year Results To 30 June 2020.

Tuesday, 1 September 2020, 10:17 am | Kiwibank

Kiwibank today announced a net profit after tax of $57 million for the 12 months to 30 June 2020, down from $108 million on the prior corresponding period. “As expected, this result reflects the impact of COVID-19 and a lower interest rate environment ... More >>

Changes To BFGS A Big Helping Hand For Kiwi Businesses

Thursday, 20 August 2020, 10:48 pm | Kiwibank

Kiwibank today welcomed the expansion of criteria which will allow more Kiwi businesses to benefit from the Government’s Business Finance Guarantee Scheme. Kiwibank Chief Customer Officer for Business Quentin Quin said: “With the expanded criteria we ... More >>

Kiwibank Prioritises Health, Wellbeing And Essential Banking Services In Alert Level 3

Tuesday, 18 August 2020, 10:22 am | Kiwibank

Kiwibank is prioritising the wellbeing of its people and customers as New Zealand works together to fight COVID-19. To ensure customers have access to essential banking services whilst in Alert Level 3 Kiwibank will be opening select Auckland branches ... More >>

2020 Housing Market Stocktake

Friday, 7 August 2020, 8:47 am | Kiwibank

2020 Housing Market Stocktake: Covid-19 price dip may not be so sharp, as chronic shortage lingers. More >>

2020 Property Insights: The Covid Correction May Cure, As The Chronic Shortage Continues

Friday, 7 August 2020, 7:56 am | Kiwibank

We now expect a shallower correction in house prices of 6%, down from 9%. With short supply persisting, our projected house price falls should meet strong resistance. The regions have fared far better than expected. Covid lockdowns barely affected ... More >>

90% Of The Drop In Kiwi Employment Were Women, But Covid Creates Confusion

Thursday, 6 August 2020, 8:24 am | Kiwibank

Women have historically fared well in times of war and crisis. But Covid-19 has induced a recession like no other. And women are especially vulnerable. In the June quarter, 11,000 Kiwis lost their jobs. And 10,000 of them were women. That’s 90%! ... More >>

Kiwibank Resets NZ Lending Market – Giving Flexibility, Choice And Savings To Customers

Thursday, 11 June 2020, 12:06 pm | Kiwibank

In a move that will result in repayment savings of $20 million for more than 35,000 thousand home loan and business banking customers, Kiwibank today announced it is reducing its variable lending rates by 1% (100bps). Kiwibank Chief Executive Steve ... More >>

Coronavirus is a crisis full of opportunities

Wednesday, 10 June 2020, 1:42 pm | Kiwibank

• Today we published our latest report on how we think the Coronavirus will change NZ’s economic landscape. More >>

Kiwibank Home Loan Rate Best In Market

Friday, 22 May 2020, 3:28 pm | Kiwibank

New Zealand-owned Kiwibank has again taken a market lead by cutting its one-year home loan rate to 2.65 percent making this rate the best value in the market and another record low. Kiwibank Head of Borrowing and Deposits Chris Greig says: “With ... More >>

Kiwibank Branches To Reopen In Level 2

Wednesday, 13 May 2020, 10:50 am | Kiwibank

As New Zealand continues to progress out of lockdown, most Kiwibank branches will return to full operating hours as of Monday 18 May 2020. Kiwibank General Manager of Retail Geoff Waller said: “We will continue to observe distancing requirements ... More >>

Kiwibank Ready To Support Businesses Impacted By Covid-19

Wednesday, 1 April 2020, 7:40 pm | Kiwibank

Kiwibank says it is ready to support businesses financially impacted by Covid-19 following today’s announcement that New Zealand banks will offer $6.25 billion in guaranteed loans to eligible businesses, in an agreement reached with the Government. ... More >>

Kiwibank Branches Open For Urgent Needs Only During Lockdown

Tuesday, 31 March 2020, 4:35 pm | Kiwibank

    Kiwibank is encouraging customers to continue using online and phone banking services during lockdown, but from tomorrow (Wednesday 1 April) is opening some of its branches on Wednesdays from 10am to 1pm to provide urgent ... More >>

Banking Services Available During Lockdown

Tuesday, 24 March 2020, 8:07 pm | Kiwibank

Banking systems are deemed an essential service and key banking services will remain available to Kiwibank customers during the lockdown. Cash will be available at ATMs, payments systems will function as usual, and credit applications will still be available ... More >>