ICBC seeking registration as a bank branch in New Zealand
By Rebecca Howard April 3 (BusinessDesk) - Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, is in the process of applying for a branch licence to operate in New Zealand, following in the footsteps of Bank of China and China Construction Bank....
Volpara Health Technologies exceeds annual recurring revenue goal
By Rebecca Howard April 3 (BusinessDesk) - Volpara Health Technologies, the Kiwi digital health firm listed on the ASX, said it exceeded its goal of lifting annual recurring revenue 200 percent for the financial year ended March 31. Wellington-based Volpara, which focuses o...
ICBC NZ becomes second Chinese lender to impair CBL loan, takes $10.2M provision
By Rebecca Howard April 3 (BusinessDesk) - ICBC New Zealand has taken a $10.2 million impairment on a loan to CBL Corp, becoming the second Chinese lender to reveal exposure to the insurance group which is in voluntary administration. ICBC NZ's latest disclosure statement...
MetroGlass says FY normalised net profit was $18M to $18.5M, at or below guidance
By Rebecca Howard April 3 (BusinessDesk) - Metro Performance Glass said its full-year normalised net profit was $18 million to $18.5 million on the back of weaker-than-expected Australian performance as well as some unexpected costs related to a change in leadership. The A...
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