Reserve Bank posts annual loss, won't pay government a dividend

Reserve Bank posts annual loss, won't pay government a dividend
Reserve Bank governor Adrian Orr took up his position in March 2018. (Image: NZME)
Jenny Ruth
The Reserve Bank of New Zealand (RBNZ) isn’t paying the government a dividend this year after reporting an $86 million net loss for the year ended June.That was down from the $107m loss the central bank reported for the 2021 financial year, but it did pay the government a $140m dividend that year.Before the covid pandemic, the last time the reserve bank reported a loss was in 2010, when the deficit was $111m, but it still paid the government a $290m dividend.It didn’t pay a dividend in 2020, either, even though it reported a $371m p...

More Finance

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Phasing out $6b capital layer unlikely to dent banks’ credit ratings: agencies
Finance

Phasing out $6b capital layer unlikely to dent banks’ credit ratings: agencies

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

‘Unusual’ volume of CCCFA changes in focus
Finance

‘Unusual’ volume of CCCFA changes in focus

Select committee mulls proposed changes to CCCFA, to report recommendations Oct 20.

Andy Macdonald 16 Sep 2025
Banks revise economic outlooks for Q2 GDP contraction
Finance

Banks revise economic outlooks for Q2 GDP contraction

Economists now see NZ's GDP contracting in Q2, but doubt a technical recession in Q3.

Andy Macdonald 15 Sep 2025