Business Scoop


Milestone In Cash Flow Support To SMEs

Press Release – New Zealand Government

Hon Stuart Nash Minister of Revenue Minister for Small Business MEDIA STATEMENT Almost $1 billion in interest-free loans for small businesses More than 55,000 businesses have applied; 95% approved Average loan approx. $17,300 90% of applications from … Read more »

New Record Highs For NZ Activity Across Private Equity And Venture-backed Companies

Press Release – NZ Private Capital

Total investment and divestment activity across all investment stages increased to NZ$2.2b, from NZ$1.7b in 2018. Mid-market investment increased to NZ$399m from NZ$245m in 2018. The average investment transaction value for mid-market was NZ$13.8, … Read more »

Housing Confidence Whipsawed By COVID-19

Press Release – ASB

Confidence in rising house prices whipsawed by COVID-19 Perceptions of whether its a good time to buy also decline as households batten down the hatches Interest rate expectations flick back to lower for longer Expectations of a continued housing upswing … Read more »

Farmers Feeling Less Pressure From Banks, Feds Survey Finds

Press Release – Federated Farmers

Farmers are feeling slightly more satisfied and less under pressure from their banks, the Federated Farmers May 2020 Banking Survey shows. Responses to Research First from nearly 1,400 farmers found that the number feeling satisfied or very … Read more »

COVID-19 Delivers Unprecedented Hit To Kiwis’ Financial Resilience

Press Release – Financial Services Council

The first survey in a major new series commissioned by the Financial Services Council has revealed that COVID-19 has delivered an unprecedented hit to New Zealanders financial resilience and wellbeing. The Financial Resilience Index tracks how Kiwis … Read more »

Kiwibank Home Loan Rate Best In Market

Press Release – 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 … Read more »

Everything Under 3% – BNZ Unveils New Home Loan Rates

Press Release – BNZ

Bank of New Zealand (BNZ) announced its new Classic rates today, with all rates, from one year to five years now below three per cent. Announcing the change, BNZ Chief Customer Officer, Paul Carter, says, Were making bold moves with our … Read more »

XE Morning Update – Todd Muller New Leader Of The National Party

Press Release – XE Money Transfer

It has been reported that Simon Bridges has lost the National Party leadership vote to Todd Muller . Auckland Central MP, Nikki Kaye, as been elected as his deputy. New separate news, NZ Finance Minister Grant Robertson has said : They are considering … Read more »

ASB Takes The Lead Again With New Low Home Loan Interest Rate

Press Release – ASB Bank

ASB has moved again to support its customers, cutting a number of home loan rates, including the two-year special rate to a new low of 2.69% p.a. Craig Sims, ASB executive general manager Retail Banking says the reduced rate will be welcome news for many … Read more »

Sallies Say Drop In Numbers Needing Assistance Through Covid-19 May Be The Calm Before The Storm

Press Release – Salvation Army

The Salvation Army is seeing numbers of people requiring food and other emergency assistance level off around New Zealand, in the wake of the lifting of lockdown restrictions. And last weeks Budget has helpfully set vulnerable Kiwi on a recovery journey, … Read more »

The Budget Snatches Defeat From The Jaws Of Victory

Press Release – Positive Money NZ

After doing so well managing the pandemic the Government has said it will borrow the $50 billion it needs for the Covid-19 package. It could however instruct the Reserve Bank to issue the money directly, cutting out the lenders as it did during … Read more »

Kiwibank Wins Canstar Bank Of The Year – Home Loans

Press Release – Canstar

The housing market is in flux due to COVID-19, and it seems likely to be a buyers market for at least a few months. Interest rates have hit record lows, and with the removal of minimum deposit requirements there will be opportunities for some looking … Read more »

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