Finance

Explore the latest finance news by Business Desk. 
Doubling in extreme weather events hits IAG’s margins
Riley Kennedy | Fri, 12 Aug 2022

The insurer's New Zealand arm reported an insurance profit of A$220 million (NZ$242m), down from A$305m. 

Rakon warns earnings may fall as chip shortage eases
Staff reporters | Thu, 11 Aug 2022

Rakon expects underlying earnings of between $36m and $44m.

Reserve Bank of NZ consulting on Māori access to capital
Staff reporters | Tue, 09 Aug 2022

Reserve Bank governor Adrian Orr says Māori are at risk of missing out on the full benefits of the financial system.

Kiwibank to offer 'off-the-shelf' sustainable business loans
Staff reporters | Tue, 09 Aug 2022

Kiwibank will start offering preferential interest rates on sustainable loans for eligible business banking customers – regardless of their industry – to help New Zealand businesses implement sustainable initiatives.The bank has partnered with the sustainable software company Cog...

Credit accounts in arrears up 14% in July on a year ago
Staff reporters | Tue, 02 Aug 2022

Business demand for credit was down 12% in July compared with July last year while mortgage applications were down 29%.

Class action against ASB and ANZ wins 'opt out' status
Staff reporters | Mon, 01 Aug 2022

All customers who were affected will be included in the legal action, unless they specifically opt out of it.


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