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4 Apr 2025

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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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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 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.