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22 Nov 2024

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

Super-sized OCR cut increasingly likely - economists
All the major banks - ANZ, ASB, BNZ, Kiwibank and Westpac - are picking a 50 basis point cut on Wednesday.

Supreme Court dismisses appeal over earthquake-ruined building
BNZ bank sued Wellington City Council for more than $100 million in 2019 over the Harbour Quays building, demolished after the 2016 Kaikoura quake.

2025 the year house price rises revert to normal, BNZ says
Prices will be flat this year but increase 7 percent next year, bank economist says.

BNZ follows other major banks and trims home loan rates
The bank has reduced interest rates on all of its classic home loans - where a customer has at least 20% equity - by between 16 and 30 basis points.

BNZ to extend opening hours of part-time branches
But it says the move is not an admission it has gone too far in cutting services.

Kiwibank, BNZ drop mortgage rates
The banks have made cuts to their six-month and one-year terms, following ASB's move last week.

BNZ services restored after outage affected payments, online banking
The Bank of New Zealand has restored access to onling banking services following an outage.

BNZ cut short-term home loan rates, following other major banks
BNZ's cuts to short-term home loan rates follows moves by other major banks.

BNZ offers first home loans on Maori-owned land
For the first time, home loans at standard rates, are being made available for building on iwi land.

Inflation on more rapid downward trend, BNZ economist says
The rate of inflation is rapidly declining, but factors like bad weather and high insurance costs will continue to be a stress point, an economist says.

ASB joins ANZ and BNZ in lowering mortgage rates
ASB has decreased its two-year rate from 7.05 percent to 6.89 percent.

Glitches in BNZ online banking for second time this weekend
BNZ says its online banking service is back online after an outage on Sunday morning.

Construction still in deep downturn, recovery predicted from next year - BNZ
Building costs and falling house prices continue to put pressure on the residential construction sector.

Manufacturing sector marks a year-and-a-half in contraction - survey
Activity has improved slightly, but remains deeply in contraction, BNZ says.

BNZ trims mortgage rates again
It comes as wholesale interest rates move lower following the Reserve Bank's OCR decision this month.

BNZ cuts rates for first-home buyers
Rates for people with small deposits are now better than what was available to those with 20 percent earlier this year, a broker says.

BNZ follows other major banks and trims fixed home loan rates
It has reduced interest rates on all of its classic home loans - where a customer has at least 20 percent equity - by between 16 and 30 basis points.

Profit squeeze on the cards for New Zealand's big four banks - rating agency
The country's subdued economy will be felt in the performance of ASB, ANZ, BNZ, and Westpac, Fitch Ratings says.

BNZ outage affecting payments, online banking
The Bank of New Zealand says it is restoring access to online banking services after an outage.

ASB drops mortgage rates, follows Westpac and BNZ
ASB has reduced its home lending rates for a second time in the past week, matching drops from Westpac and BNZ in February.

Auckland Lantern Festival back after four year hiatus
Last year's BNZ Lantern Festival was cancelled due to the Anniversary Weekend Floods while Covid-19 shut down the event for three consecutive years before that.