BNZ posts 22% rise in annual net profit after tax to $850 mln
Short headline: Record annual profit for BNZ TweetBy Gareth VaughanA 12% rise in income and 35% drop in impairment losses on loans have helped lift BNZ to record annual profit of $850 million.The bank...
View ArticleAndrew Thorburn, capital, revenue, costs, margins and bad debts in focus when...
Short headline: Spotlight on big bank annual results TweetBy Gareth VaughanDespite a forecast drop of more than A$500 million in annual profit for BNZ's parent National Australia Bank, Australasia's...
View ArticleASB boss Barbara Chapman says 'I'm really enjoying it here', has no plans to...
Short headline: Chapman not joining CEO exodus TweetBy Gareth VaughanFollowing the recent departures of Andrew Thorburn and Peter Clare from the top jobs at two of the country's big four banks, ASB...
View ArticleANZ's newsroom shows how New Zealand banking is used to test promising...
Short headline: Want to run an Aussie bank? Head to New Zealand TweetBy Andrew Cornell*New National Australia Bank chief executive Andrew Thorburn heralded his rein by anointing a new court of senior...
View ArticleEx-BNZ boss Andrew Thorburn takes 2 BNZ executives, Andy Symons and Renee...
Short headline: Thorburn takes charge at NAB TweetFormer BNZ boss Andrew Thorburn has wasted no time in shaking things up in his new role as CEO of BNZ's parent National Australia Bank, announcing...
View ArticleKudos for innovative thinking but the current account deficit isn't the full...
Short headline: 'What about the capital account?' TweetBy Gareth VaughanThe Labour Party's plans for the biggest revamp of the Reserve Bank Act in its 25 year history are innovative but don't tackle...
View ArticleBNZ's five year, $400 mln NextGen project progressing well, outgoing CEO...
Short headline: BNZ's heavy NextGen lifting 2 years away TweetBy Gareth VaughanThe heavy lifting on BNZ's five year, $400 million NextGen project won't come until 2016, says departing CEO Andrew...
View ArticleOutgoing CEO Andrew Thorburn outlines how BNZ has differentiated itself as...
Short headline: 'You can't defend your way to success' TweetBy Gareth VaughanBNZ's interim results yesterday brought the curtain down on the Andrew Thorburn era with Anthony Healy set to succeed him as...
View ArticleBNZ March half-year net profit up 32% to NZ$393 mln as bad debts fall
Short headline: BNZ interim net profit up 32% TweetBNZ has posted a 32% rise in half-year net profit as income rose and bad debts fell.BNZ says its net profit after tax for the six months to March 31...
View ArticleLeadership, diversity work and being 'deeply embedded in banking' got Anthony...
Short headline: Why Anthony Healy got BNZ's top job TweetBy Gareth VaughanBNZ's incoming CEO Anthony Healy got the job because of his "outstanding" leadership, the work he has done heading up the...
View ArticleAnthony Healy, currently director of BNZ Partners, to succeed Andrew Thorburn...
Short headline: Anthony Healy named new BNZ CEO TweetBNZ has named Anthony Healy, currently director of its business banking unit BNZ Partners, as its new managing director and chief executive...
View ArticleBNZ boss Andrew Thorburn says his successor faces strong competitors and...
Short headline: Andrew Thorburn departs with 'no regrets' TweetBy Gareth VaughanDeparting BNZ CEO Andrew Thorburn says he's leaving with no regrets."I don't think I have any regrets, I really don't,"...
View ArticleDeparting CEO Andrew Thorburn sees 'very good talent who are potential...
Short headline: Who will succeed Andrew Thorburn at BNZ? TweetBy Gareth VaughanDeparting BNZ CEO, managing director and self proclaimed "proud banker" Andrew Thorburn has hinted his successor is...
View ArticleAndrew Thorburn to head up BNZ's parent company after 'retirement' of Cameron...
Short headline: BNZ's Thorburn lands top at NAB TweetBNZ chief executive Andrew Thorburn, 48, will step up to the top job as CEO of parent company National Australia Bank from August after NAB...
View ArticleBNZ chief likely to 'wait and see' on floating mortgage rates after expected...
Short headline: 'Cat and mouse' on rate hikes TweetA hotly anticipated rise in official interest rates expected from the Reserve Bank tomorrow is likely to lead to "cat and mouse behaviour" on floating...
View ArticleSome 1,300 BNZ staff progressively moving back into Wellington Harbour Quays...
Short headline: BNZ staff head back to Harbour Quays TweetBNZ says its Harbour Quays Wellington area headquarters suffered no damage in this week's lower North Island earthquake and the 1,300 staff...
View ArticleCiti analysts say NAB should sell the Andrew Thorburn chaired US bank Great...
Short headline: NAB told to sell Thorburn chaired US bank TweetBy Gareth VaughanBNZ's parent National Australia Bank (NAB) should sell the Andrew Thorburn chaired Great Western Bank in the US, because...
View ArticleBNZ boss Andrew Thorburn saw his performance-based pay drop by 25% in the...
Short headline: BNZ chief takes home less TweetA 25% drop in performance-related pay in the latest financial year was a significant contributor to a reduction in the overall package received by BNZ...
View ArticleRBNZ's LVR 'speed limits' may impact banks' revenue and margins but growing...
Short headline: BNZ confident on pre-approvals TweetBy Gareth VaughanBNZ CEO Andrew Thorburn is confident his bank won't have to cancel any more than the around 150 high loan-to-value ratio (LVR) home...
View ArticleAbout 1,300 BNZ staff to start returning to Wellington's Harbour Quays...
Short headline: BNZ not rushing Wellington HQ return TweetBNZ's Harbour Quays Wellington area headquarters, which staff vacated three months ago, is undergoing work to bring it inline with changes to...
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