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30 Apr 2024

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General Capital Subsidiary General Finance Market Update
General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 31 March 2024 to the Disclose Register

Consultation opens on a digital currency for New Zealand
The Reserve Bank of New Zealand – Te Putea Matua is continuing its exploration of a central bank digital currency

HGH meets Challenger Bank milestone & NZ$210m equity raise
Heartland Group Holdings Limited (Heartland) (NZX/ASX: HGH) is pleased to announce that it has received indicative regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ) for Heartland Ban

Bank of China (New Zealand) Limited Director Change
Bank of China (New Zealand) Limited director Sinead Horgan has retired, and Lloyd Cartwright is to succeed her on the Auckland-based bank’s board

NZGIF welcomes new Chief Executive
Sarah Minhinnick has been appointed the new Chief Executive of New Zealand Green Investment Finance, the Crown-owned green investment bank established to accelerate investment in Aotearoa New Zealand’s decarbonisation

Monetary Policy Remit amended
The Reserve Bank of New Zealand – Te Putea Matua acknowledges the amended Remit for the Monetary Policy Committee (MPC) issued today by the Minister of Finance

Major banks compliant with RBNZ Outsourcing Policy
In a significant milestone, the Reserve Bank of New Zealand - Te Putea Matua is pleased to confirm that New Zealand’s largest banks are now compliant with our Outsourcing Policy (BS11)

Arvida Bank Facility Update
Arvida Group Limited (Arvida) announced that it yesterday completed a refinancing and restructure of its bank debt facilities into a revolving core and development facility

TWL - TradeWindow's $2.2 million capital raise oversubscribed
Capital raising programme attracts new institutional investor along with the support of existing cornerstone shareholders ASB Bank, TradeWindow CEO and Founder, AJ Smith and Co-Founder, Kerry Friend

Finding Neutral: Estimates of New Zealand’s Nominal Neutral Interest Rate
Due to New Zealanders’ high inflation expectations, the Official Cash Rate (OCR) would currently need to be about 3.9 percent to neither tap the brakes nor push on the accelerator of the economy, the Reserve Bank’s new Bulletin article shows

Devon Funds Morning Note - 21 March 2024
Markets surged following the Fed meeting, with the central bank holding the benchmark overnight borrowing rate at 23-year highs in a range between 5.25%-5.5%, where it has been since July last year

New Zealand agriculture “riding the wave of change into 2024” - Rabobank annual outlook
New Zealand agriculture will need to ride the wave of change in 2024, with three prevailing undercurrents – central bank actions, the recovery of the Chinese economy and geopolitical tensions and conflict – set to charter a course for the sect

Citibank NZ issued formal warning under AML/CFT Act
The Reserve Bank of New Zealand – Te Putea Matua has issued a formal warning to Citibank N.A. New Zealand Branch (Citibank NZ) relating to the wire transfer identity requirements under the Anti-Money Laundering and Countering Financing of Terrorism

Reserve Bank reminds retailers to train new cash handlers on fake note detection
“New Zealand doesn’t have a huge counterfeiting problem, and the fake banknotes we do see are low quality and easily detected using the look-feel-tilt method,” says Graeme Denny, Senior Manager of Cash Services at the Reserve Bank of New

GEO - North Ridge Partners Appointed as Financial Advisor
Geo Limited (NZX: GEO) (GEO or the Company) has engaged North Ridge Partners (NRP), an investment bank who provide financial advisory services in the ordinary course of their business, to act as GEO’s financial advisor to assess strategic options of