Kiwibank - Latest News [Page 2]

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 >>

Kiwibank Moves To Lower Home Loan Rates After OCR Cut Announced

Monday, 16 March 2020, 2:05 pm | Kiwibank

Kiwibank will pass on the full 0.75 percent official cash rate cut to customers with floating home loan rates. Kiwibank will reduce its floating home loan rate from 5.15 percent to 4.40 percent. Lending Product   Current rate p.a.   ... More >>

Final countdown for Kiwibank cheques

Monday, 3 February 2020, 12:00 pm | Kiwibank

Kiwibank is encouraging customers to bank any remaining cheques they might have before it goes cheque-free from 28 February 2020. More >>

Kiwi inflation is running stronger than expected

Friday, 24 January 2020, 11:20 am | Kiwibank

Today’s inflation release showed a solid 0.5%qoq gain to end 2019, taking the annual run rate to 1.9%. We had forecast a 0.3%qoq gain (1.7%yoy), and consensus was a touch higher at 0.4% (1.8%). But, more importantly, the print came in slightly above the ... More >>

Kiwi growth remains potential

Thursday, 19 December 2019, 12:21 pm | Kiwibank

Today's report was a misfortunate mixed bag of data and devils in detail. The Kiwi economy recorded a strong 0.7% gain in Q3 2019 (Kiwibank 0.6%, consensus 0.5%). But the better than expected gain hides the weakness in the downward revisions to Q2 ... More >>

Kiwibank honours local heroes in new Sylvia Park branch

Monday, 9 December 2019, 12:41 pm | Kiwibank

Auckland local heroes have been permanently honoured at Kiwibank’s much anticipated standalone Sylvia Park branch, which opened today (Monday, 9 December 2019), at Sylvia Park Shopping Centre in Mt Wellington. More >>

Tail risks rise. LVRs stay put. Conduct in focus.

Wednesday, 27 November 2019, 2:04 pm | Kiwibank

Key Points • The RBNZ’s latest FSR: NZ’s financial system is sound and “ remains resilient to a broad range of economic risks ”. • The RBNZ chose not to relax LVR settings, citing rising tail risks from housing as interest rates hit ... More >>

Kiwibank reduces one-year fixed-term home-loan rate

Friday, 15 November 2019, 3:39 pm | Kiwibank

Despite no change to the official cash rate this week Kiwibank is reducing its one-year fixed-term home-loan interest rate from 3.55% to 3.39%, a new record low. The New Zealand owned bank has good news for savers too, increasing its one-year term-deposit ... More >>

RBNZ 'should' cut. Well they?

Monday, 11 November 2019, 2:19 pm | Kiwibank

• The RBNZ's decision is in focus this week. A cut to 0.75% 'should' be made. But conviction in the call has evaporated from a certainty, to a coin toss. • If the RBNZ don't cut this week, we will expect a cut in Feb. So why wait? They risk ... More >>

Susan Macken opts not to seek reappointment to Board

Friday, 8 November 2019, 12:59 pm | Kiwibank

Kiwibank Board Chair Dr Susan Macken today announced she will not be seeking reappointment next month. Dr Macken, an experienced company director and business consultant, was appointed to the Kiwibank Board as an independent director for a three-year term ... More >>

Jobs growth has slowed; RBNZ ‘should’ cut

Wednesday, 6 November 2019, 1:25 pm | Kiwibank

• The unemployment rate rebounded to 4.2%, after a surprise fall last quarter. As there was a surprisingly large 6k jump in the number of people unemployed. • The labour market is losing momentum. Annual employment growth hit a six-year low, ... More >>

A lack of business confidence will cause RBNZ cuts

Tuesday, 1 October 2019, 1:59 pm | Kiwibank

• Business Confidence deteriorates along with profitability. Poor pricing intentions has cut inflation expectations. Businesses are worried.” More >>

Kiwi economic growth slows. We need fiscal caffeination

Thursday, 19 September 2019, 12:02 pm | Kiwibank

Growth has now slowed to a 6-year low, and downside risks are dominating. June quarter GDP growth came in at 0.5%qoq, in line with our expectation, and slightly above consensus. Although there were a few sensational reports of the chance of a negative print. ... More >>