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Kiwibank - Latest News [Page 2]
Kiwibank Term Deposits Changes
Tuesday, 20 June 2023, 9:10 am | Kiwibank
Term Deposits Effective from Monday 19 June Headline rate: 5.85% p.a for one year. Minimum $10k investment. Interest Tier: $10,000+ $5,000 - $9,999 Current Rate New Rate Change Current Rate New Rate Change 1 Year 5.75% ... More >>
Kiwibank And RAD Teaming Up To Provide Rangatahi With Devices And Digital Skills
Monday, 19 June 2023, 1:57 pm | Kiwibank
Kiwibank and Recycle a Device (RAD) are working together to give Kiwibank’s laptop assets a second chance at life within New Zealand communities. RAD is a community driven, not for profit that reduces e-waste by taking donations of unwanted laptops ... More >>
First View - The “No Frills” Budget Must Balance A Massive Rebuild And Weaker Revenue
Monday, 15 May 2023, 5:22 pm | Kiwibank
The Kiwi economy is softening, and that means less inflation. Inflation expectations have fallen back, and are more inline with the RBNZ target mandate. Expectations of inflation should fall further. The Government’s “no frills” budget must ... More >>
Kiwibank Launches New, More Inclusive EFTPOS, Debit And Credit Cards
Tuesday, 28 February 2023, 11:41 am | Kiwibank
Kiwibank customers can now access a new suite of EFTPOS, credit and debit cards that will cater to a wide range of accessibility needs. Available as new and replacement cards, they will feature a range of improvements targeted at making banking easier ... More >>
Kiwibank Half-year Results For The Six Months To 31 December 2022
Thursday, 23 February 2023, 10:24 am | Kiwibank
Kiwibank today announced a net profit after tax of $98m for the six months to 31 December 2022, up 53% on the same time last year. Kiwibank Chief Executive, Steve Jurkovich, said while the bank’s strong first half reflected the resilience of ... More >>
Kiwibank Supports Customers Impacted By Flooding With Financial Relief Options
Monday, 30 January 2023, 11:54 am | Kiwibank
Our thoughts are with those currently affected by the North Island flooding. If you've been financially impacted by the flooding, Kiwibank is here to help and support you with a range of initiatives. We're offering support to customers impacted by ... More >>
Kiwibank Announces New Executive Appointment: Chief Purpose And Brand Officer
Tuesday, 24 January 2023, 10:53 am | Kiwibank
Kiwibank today announced the appointment of Julia Jack to the newly created role of Chief Purpose and Brand Officer. Kiwibank Chief Executive, Steve Jurkovich, said Ms Jack will lead the newly created role which brings together the bank’s Corporate ... More >>
The Labour Market Remains As Tight As A Drum, And Wages Are Rising Rapidly
Thursday, 3 November 2022, 7:12 am | Kiwibank
The labour market remains too tight, according to the latest labour market report. To meet labour constraints workers are putting in more hours and firms are hiring from a broader set of people. The unemployment rate was unchanged at the near record ... More >>
The Fight Against Inflation Is Far From Over. We Expect The RBNZ To Hike To 4.5%, Up From 4.0%.
Tuesday, 18 October 2022, 10:55 am | Kiwibank
Kiwi inflation is running hot. Price pressure far exceeds market expectations and interest rates will be forced higher in response. The headline rate of inflation eased a touch from 7.3% to 7.2%, after a stronger than expected 2.2% gain on the ... More >>
Kiwibank Delivers Strong Progress In 2022 Sustainability Report
Thursday, 6 October 2022, 10:38 am | Kiwibank
Kiwibank today released its 2022 Sustainability Report , which demonstrates the progress the New Zealand-owned bank has made over the past year against its purpose and sustainability goals. Kiwibank Chief Executive Steve Jurkovich said being a purpose-led, ... More >>
RBNZ Lifts The Cash Rate By Another 0.5%. The (huge) Impact On Households Will Be Felt Over Spring-summer
Wednesday, 5 October 2022, 2:04 pm | Kiwibank
RBNZ hiked the cash rate 50bps to 3.5%, for the fifth consecutive meeting. The decision was in line with our view and that of the markets’. The cash rate has been pushed well through neutral (2%) and into truly restrictive territory. The RBNZ reiterated ... More >>
Housing Supply And Demand: From Famine To Feast
Wednesday, 24 August 2022, 11:09 am | Kiwibank
Today we released our latest analysis on NZ’s current housing shortage and the housing market in general. The full note can be found here: https://inner.kiwi/commentary/housing-supply-and-demand-famine-feast/ New housing supply far exceeded an anaemic rise in new housing demand over the last ... More >>
Kiwibank Full Year Results For The Year Ended 30 June 2022: A Year Of Strong Delivery On Performance And Purpose
Thursday, 18 August 2022, 9:40 am | Kiwibank
Kiwibank today announced a net profit after tax of $131m for the 12 months to 30 June 2022, up 4% on FY21. The improved result is the best in the history of the bank and was driven by higher revenue and a continued focus on costs. At the same time ... More >>
Kiwibank rate changes
Monday, 27 June 2022, 9:45 am | Kiwibank
The New Zealand-owned bank is leading the popular one year term for both deposits and lending across the majors. More >>
Kiwibank Announces Changes To Term Deposit And Home Loan Rates
Monday, 30 May 2022, 5:17 pm | Kiwibank
Following the RBNZ Monetary Policy Statement last week, Kiwibank is making changes to both its fixed home loan rates and its term deposit rates. Kiwibank Senior Manager – Savings and Borrowing, Richie McLay says: “While we are first to move on this ... More >>
Kiwibank Savers To Benefit From Higher Returns Following OCR Rise
Friday, 27 May 2022, 12:00 pm | Kiwibank
Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts. “We know the low interest rate environment has been challenging for some customers who rely on returns from savings, so this ... More >>
Kiwibank Recognised For ESG Commitments At Prestigious INFINZ Awards
Friday, 27 May 2022, 10:45 am | Kiwibank
Celebrating excellence and innovation in the financial sector, last night’s (Thursday 26 May 2022) Institute of Finance Professionals New Zealand (INFINZ) Awards proved fruitful for Kiwibank who walked away the Hunter Campbell - ESG Award. Held in Auckland, ... More >>
Stubbies Or Space Exploration? Research Reveals New Zealanders’ Views On What It Means To Be Kiwi
Wednesday, 18 May 2022, 9:11 am | Kiwibank
New Zealand: New research released today from Kiwibank reveals New Zealanders’ views on what it means to be a modern Kiwi, with findings showing the majority believe Aotearoa is a progressive and innovative country. The survey reveals that two-thirds ... More >>
Kiwibank Delivers First Major Brand Overhaul In A Decade
Wednesday, 11 May 2022, 9:38 am | Kiwibank
Wellington, New Zealand: Kiwibank has delivered its first major brand overhaul in a decade revisiting what it means to be Kiwi and revitalising its brand to reflect modern Kiwi culture. Twenty years ago, when Kiwibank first launched, it was a promising ... More >>
Kiwibank Term Deposit Rate Changes
Monday, 9 May 2022, 9:42 am | Kiwibank
Kiwibank is increasing its term deposit rates, including lifting its popular one year rate by 0.20% to 3%, the highest it has been since August 2019. Senior Manager of Borrowing and Savings Richard McLay says Kiwibank exists to support the financial ... More >>
