Business Premium NZ banks' net profits up but challenges ahead – KPMG report Banks face uncertainty ahead. Gill South Wed, 13 Feb 2019 KPMG Financial Institutions Performance SurveyBNZanzCBA
Business Premium Bank shares up despite scathing report on Aussie owners Kiwi banks claim they already have their houses in order but commentators see it differently. Gill South Tue, 05 Feb 2019 Australian royal commission reportmisconduct in bankingsuperannuation and financial servicesKeith HayneanzBNZASBWestpackiwibank
Business Premium Westpac NZ the latest bank to report a big profit Westpac has had a strong year for lending and deposit growth. Dane Ambler Mon, 05 Nov 2018 Westpacwestpac nzDavid McLeananzRBNZBNZ
Property Premium Wellington harbour BNZ building to be demolished CentrePort reached a $170 million insurance settlement for the site Andrew Bevin Fri, 05 Oct 2018 BNZPropertyCentrePort
Business, Analysis Premium A purchase we could all end up paying for Paymark’s dominance poses a big danger in the wrong hands. Tim Hunter Fri, 27 Jul 2018 In DepthpaymarkCommerce CommissionanzWestpacASBBNZIngenicoVeriFonepayment express
Premium ANZ trims staff as asset recovery team is centralised Five ANZ jobs will go as the country’s largest lender centralises its asset recovery management team. Wed, 11 Jul 2018 BanksWestpacanzBNZbankingASBPWCCommonwealth Bank of AustraliaNational Australia BankReserve BankDavid HiscoStefan HerrickLVRs
Ebos funding line of $135m smaller than flagged Ebos Group has settled on a slightly smaller funding line than previously indicated as part of its new banking syndicate. Wed, 11 Jul 2018 BusinessBNZANZ National BankEbos Group
Postie Plus renegotiates banking covenants because of potential breach The change removes any concern about a breach in October 2012. Wed, 11 Jul 2018 NZXBNZPostie PlusBusinessDesk
Tax charge, impairments hurt ASB interim result ASB Bank slumped to an overall loss of $10 million for the first half after taking a one-off tax charge and its underlying operating profit was down 16.5% on the same period last year at $199 million.The drop in operating profit from $238 million in prior period was blamed on the tough economic conditions of the six months leading to December 31.In a statement released today, the bank said its performance remained “solid” despite the tough trading conditions banks have been suffering from since the credit crunch began in late 2007. Wed, 11 Jul 2018 BusinessBanksWestpacBNZasb banktax chargeshurtslosesworldwide recession
Services sector activity rises to highest in more than 6 years New Zealand services sector activity, which accounts for about two thirds of the economy, rose for a second month in April to reach the highest in more than six years, led by new orders and sales Wed, 11 Jul 2018 EconomyBNZCraig EbertBusinessDesk
