BNZ
Early Business News for Tuesday 21 February 2017
A brief update of movements in the financial sector. Audio
BNZ to close Otago University branch
BNZ has announced it is closing its branch at the University of Otago, and up to five staff could be made redundant.
BNZ's FY net profit falls
The Bank of New Zealand's full year profit has fallen because of losses in trading the currency and lower interest rates. Audio
BNZ latest to review KiwiSaver weapons investments
BNZ has joined the other eight default KiwiSaver providers in reviewing or ditching investments in companies that make contentious weapons.
Manufacturing activity perks up to best in three months
The BNZ-Business New Zealand Performance of Manufacturing Index rose a seasonally adjusted 1-point-8 points in April to 56-point-5, its best level in three months. Audio
Pace of growth slows in manufacturing sector
Manufacturers appear to be feeling less optimistic, with activity in the sector falling for a second consecutive month. Audio
Banks' calls on interest rates challenged
Finance Minister Bill English says he's not concerned most major banks are not passing on any, or all, of last week's interest rate cut.
BNZ seeks judgement against Abel Tasman beach owner
A crowd-funding campaign to buy a private Abel Tasman beach is edging towards its $2 million target. Meanwhile, the BNZ went to the High Court in Wellington today seeking a judgment against Michael… Audio
BNZ upbeat about year ahead
The Bank of New Zealand is upbeat about its prospects for the coming year after it reported a record net profit of just over one billion dollars in the year to September. Audio
BNZ joins $1 billion club
The Bank of New Zealand has reported a record annual profit of $1 billion.
What now for Dairy farmers with new drop in price?
National Manager of Agriculture, BNZ. Audio
Banks' profits surge 8 percent in first quarter
Banks' quarterly profits have jumped close to all-time highs despite the so-called mortgage wars cutting into margins.
Activity in the services sector rose in December
The BNZ- Business New Zealand's Performance of Services Index rose nearly 2 points to 56 point 5 in December, the average level for 2014. Audio
Wholesale sales rose 0.7% in the September quarter
Wholesale sales rose 0.7 percent in the September quarter with only half of the six industries measured showing increases. Audio
Economist discusses loan-to-value restrictions
An economist at the Bank of New Zealand says if the Reserve Bank were to water down or remove its restrictions on mortgage lending to people with small deposits, the market would take that as an… Audio
BNZ says its mortgage lending rebounded in the second half
BNZ has been offering three-year fixed mortgages at 5.85 percent with a 3-thousand dollar cash bonus for those borrowing at least 250-thousand. Audio
BNZ profits rise in year to the end of September
The Bank of New Zealand's profits jumped more than 22 percent, in the year ended September. Audio