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Finance

Explore the latest finance news by Business Desk. 

BNZ hikes mortgage rates, leaves deposit rates unchanged
Staff reporters | Fri, 22 Oct 2021

BNZ's two-year fixed classic home loan interest rate is now 3.79%.

Kiwibank completes $250m pref share sale, rate set at 4.93%
Staff reporters | Thu, 21 Oct 2021

Kiwibank had the lowest tier 1 capital ratio at June 30 of all the registered banks at 11.9%.

AMP NZ suffers outflow but is attracting new money
Staff reporters | Thu, 21 Oct 2021

The New Zealand fund manager managed to attract new investment of A$362 million in the September quarter, up 17% on the year-earlier quarter.

ANZ hikes deposit rates, hikes mortgage rates more
Staff reporters | Thu, 21 Oct 2021

ANZ Bank is lifting its fixed-term mortgage rates by 45 basis points and most deposit rates by less.

RBNZ reviewing policy on branches of overseas banks
Staff reporters | Wed, 20 Oct 2021

The Reserve Bank said it faces inherent limitations in regulating branches of overseas banks.

Kiwibank confirms $250m perpetual preference share sale
Staff reporters | Fri, 08 Oct 2021

Kiwibank had the lowest tier 1 capital ratio at June 30 of all registered banks, at 11.9%, so it is no surprise it has decided to raise capital.

Kiwibank eyes $250m sale of perpetual preference shares
Staff reporters | Thu, 07 Oct 2021

 Kiwibank's strong lending growth, and new RBNZ capital rules, made it obvious it would need more capital. 

Vital Healthcare's manager refinances and extends debt
Staff reporters | Fri, 01 Oct 2021

Vital Healthcare Property Trust's manager is promising further progress on its funding structure ahead of its first-half results.

Large landlords provided more than $320m in rent relief
Staff reporters | Thu, 30 Sep 2021

The Property Council says the proposed change to the Property Law Act will have unintended consequences.

Lockdown slugs small business sales
Staff reporters | Thu, 30 Sep 2021

While lockdown is hurting sales through small businesses, jobs in the sector continue to grow.


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