Business Scoop


Major Changes In The Lending Industry Set To Take Effect

Press Release – Bell Gully

Upcoming changes to New Zealands consumer credit regulation will likely see longer wait times for borrowers applying for home loans, personal loans, credit cards and loans to finance vehicle purchases.  Law firm Bell Gully released a report … Read more »

ASB Urges Customers To Unleash More Than $60 Million Of True Rewards Spending Power To Help Kiwi Businesses This Summer

Press Release – ASB Bank

ASB is encouraging customers to dust off their True Rewards loyalty cards and get shopping as a practical way of supporting COVID impacted businesses. ASB customers collectively have more than $60 million in True Rewards Dollars spending power available … Read more »

BNZ Sets Sights On Tackling Economic Harm

Press Release – BNZ

Bank of New Zealand (BNZ) has acknowledged today, the first Economic Harm Awareness Day, the important work being done to tackle Economic Harm by Good Shepherd NZ and other Non-Government Organisations and is stepping up its efforts to tackle the issue. … Read more »

Strong Half Year Profit For SBS Helps To Fund Support Of First Home Buyers

Press Release – SBS Bank

The SBS Group has today announced its half year results for the 21-22 financial year. Despite the impact of Covid-19 lockdowns and resulting business disruptions, the organisation is pleased with its progress during the first six months of the … Read more »

Crockers/Tony Alexander Final Investor Insight For 2021 – November 2021

Press Release – Crockers Market Research

Here is the final Crockers/Tony Alexander Investor Insight for 2021 – November 2021 Key points of interest from this months survey include the following: Rising mortgage rates have yet to alter buying and selling intentions, and debt repayment … Read more »

External Report Highlights Material Shortcomings With Westpac NZ’s Risk Governance

Press Release – Reserve Bank

An independent report into Westpac New Zealands risk governance has highlighted material shortcomings in the Boards oversight. The Reserve Bank of New Zealand – Te Ptea Matua in March instructed Westpac NZ to commission an independent report … Read more »

Westpac NZ Actions Findings Of Independent Risk Governance Review

Press Release – Westpac New Zealand

Westpac NZ accepts the findings of the independent risk governance review carried out by consultancy firm Oliver Wyman and is well advanced in addressing recommendations in the report. The Reserve Bank of New Zealand (RBNZ) had required Westpac NZ to … Read more »

MPC Continues To Reduce Monetary Stimulus

Press Release – Reserve Bank

The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment. … Read more »

ASB Increases Savings Deposit Rates; Moves Home Loan Rates Following OCR Increase

Press Release – ASB Bank

ASB will make changes to some interest rates following the Reserve Bank of New Zealands announcement today it is increasing the Official Cash Rate (OCR) by 0.25%. Deposit rates on Savings Plus and Headstart savings accounts will increase by 0.25%, taking … Read more »

BNZ Targets Net Zero By 2050; Working With Customers To Transition To Low Emissions Economy

Press Release – BNZ

Bank of New Zealand (BNZ) has today reported operational emissions reductions of 50% since 2019, increased sustainable finance lending and initiatives and tools to support business customers to reduce emissions. The banks progress against sustainability … Read more »

Card Payments In New Zealand To Rebound In 2021 With 10.3% Growth, Forecasts GlobalData

Press Release – Global Data

New Zealands card payments market is expected to rebound strongly in 2021 registering 10.3% growth, supported by the economic revival, rising consumer spending, and growing preference for contactless payments, forecasts GlobalData, a leading data and analytics … Read more »

Will RBNZ Embrace A Rate Hike For The Second Meeting In A Row?

Press Release – Kalkine

After becoming one of the first advanced nations to raise interest rates during the COVID-19 era, New Zealand might have another rate hike on the horizon. Rising inflation has sparked a string of speculations regarding further policy tightening … Read more »

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