NZCity NewsLinks -

All Links

20 May 2025

Search

Manufacturing sector recovery continues at steady pace but caution lingers
However, a BNZ senior economist urged caution, noting that although employment and deliveries of raw materials had risen, gains in new orders remained below average.

Advisers originating fewer BNZ mortgages
Bank of New Zealand is writing a smaller percentage of mortgages through advisers although the percentage of its total mortgage book originated by advisers has continued to grow.

Northland goat farm’s $24m dream crumbles under bank pressure and industry slump
BNZ is pushing for a sale, potentially leaving them with no home for retirement.

Manufacturing sector holding its own despite slowdown
The biggest risk to the manufacturing sector is the outlook for demand amid global volatility, according to BNZ's senior economist.

Two banks to cut interest rates ahead of Reserve Bank's February cash rate review
BNZ and TSB both made changes to interest rates on Tuesday.

Hopes for December quarter economic growth fading
If there was going to be any economic growth in 2025, it would be coming from "a weak base," BNZ senior economist Doug Steel says.

Gloriavale's banking loss: 'This is a case of consequences for poor behaviour'
Gloriavale is being held accountable for poor behaviour with its loss in its fight to keep banking with BNZ, the Gloriavale Leavers' Support Trust says.

BNZ, ANZ receptive to moves to 'enhance competition'
The country's big Australian-owned banks appear to be ready for further government scrutiny into competition in the banking sector.

‘Further feeds that taboo’: Kiwi sex toy company refused bank account
They say they were denied a bank account at BNZ due to the nature of their business.

BNZ sustains near record profits
The bank made $1.506 billion last year.

Falling interest saving home loan borrowers $2.2b, bank says
BNZ says falling interest rates will put $2.2 billion dollars into the pockets of New Zealanders with mortgages over the six months to a year.

BNZ preserves margins on flat half-year
BusinessDesk: BNZ outranks its Australian cousins for customer preference.

Bank of New Zealand sees rise in net profit for first half
BNZ chief executive Dan Huggins says it is a solid result in the current economic environment.

Another major bank brings one-year fixed home loans below 5 percent
In recent days, ANZ, Kiwibank, BNZ and Westpac have all lowered their one-year rate to 4.99 percent.

Service sector struggling to recover
The recent BNZ-Business New Zealand Performance of Services Index (PSI) shows activity is slowing in the sector.

BNZ joins home loans rates cuts
Another day, another bank cutting home loan rates.

Tens of millions owed by troubled civil construction company-linked businesses
Most of it is owed to BNZ, according to the first receivers report.

How much of a difference have OCR cuts really made?
BNZ's chief economist says the jury is still out, to a large extent.

No new lending for petrol stations will impact rural communities the most
BNZ acknowledged it was pulling back from lending to some petrol stations.

Economists hedge their OCR bets
In just a week the RBNZ will make another decision on the OCR and the BNZ says 0.25%,0.50% and 0.75% cuts are all options.

Court of Appeal clears way for BNZ to close Gloriavale's bank accounts
The Court of Appeal has cleared the way for BNZ to close Gloriavale's bank accounts after successfully appealing an injunction preventing the closures.