Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
BNZ lifts first-half net profit 80%
Finance

BNZ lifts first-half net profit 80%

Like the other major banks, BNZ has fattened its net interest margin, but not by as much. 

Jenny Ruth 06 May 2021
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Fattening bank margins at odds with RBNZ's low rate policy
Finance

Fattening bank margins at odds with RBNZ's low rate policy

Bank profits should fall when interest rates are falling but two of New Zealand's largest banks, ANZ Bank NZ and Westpac, are reporting improved profitability.

Jenny Ruth 06 May 2021
Final bids due in mortgagee sale of Kerr’s Arrowtown property
Finance

Final bids due in mortgagee sale of Kerr’s Arrowtown property

The dispute between George Kerr and BNZ is heating up.

Paul McBeth 06 May 2021
ANZ lifts net profit 18% on covid write-backs
Finance

ANZ lifts net profit 18% on covid write-backs

ANZ Bank NZ is the latest bank to report fattening net interest margins despite the very low interest-rate environment.

Jenny Ruth 05 May 2021