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BNZ to sponsor the Maori All Blacks, with name on jersey on upcoming tour, as...
TweetBNZ, which last month renewed its role as principal sponsor of the five New Zealand Super 15 teams for three seasons, has added another rugby sponsorship deal, announcing a three year deal with...
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BNZ records NZ$741 mln annual profit up 21% year-on-year, although...
TweetBNZ's annual cash earnings rose 21.1% as both margins on its loans, and overall income, rose faster than operating expenses, and as the bank's charge for bad debts tumbled 35.1%.BNZ's parent,...
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BNZ raises almost NZ$400 mln in yen denominated bond issue to Japanese...
TweetBy Gareth VaughanBNZ, which was the first New Zealand bank to issue covered bonds two years ago, says it has again blazed a fresh trail for New Zealand bank funding by borrowing 25.5 billion yen...
View ArticleBusiness debt growth exceeds housing loan growth in September for first time...
TweetBy Gareth VaughanBusiness debt grew by more than housing loans in September for the first time since April, Reserve Bank sector credit data shows.The Reserve Bank figures show business debt up...
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BNZ's Andrew Thorburn hits out at 'fundamental anomalies' of tax system that...
TweetBy Gareth VaughanStopping just short of calling for the introduction of a capital gains tax, BNZ CEO Andrew Thorburn says Kiwis need to face up to the "fundamental anomalies" at the heart of their...
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BNZ CEO Andrew Thorburn defends bank profitability, says BNZ's return on...
TweetBy Gareth VaughanBNZ CEO Andrew Thorburn says New Zealand is lucky to have four banks with double A credit ratings, in the big four Australian owned banks, suggesting if the ratings were cut...
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ANZ's David Hisco probably NZ's highest paid bank CEO this year having been...
TweetBy Gareth VaughanANZ New Zealand CEO David Hisco was paid A$3.26 million (about NZ$4.14 million) for the bank's 2012 financial year, meaning he was probably the highest paid New Zealand bank boss...
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BNZ CEO Andrew Thorburn outlines his vision of a NZ economy led by successful...
TweetBy Gareth VaughanIn what was at times a brave, and certainly an interesting, speech from a bank boss, BNZ CEO and managing director Andrew Thorburn practically called for a capital gains tax and...
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BNZ CEO Andrew Thorburn says putting loan-to-valuation-ratio restrictions on...
TweetBy Gareth VaughanSetting limits on residential mortgage loan-to-valuation ratios (LVRs) wouldn't resolve housing affordability issues nor cool a heating Auckland housing market, BNZ CEO Andrew...
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BNZ set to crash KiwiSaver party, registers scheme with FMA
TweetBNZ finally appears set to crash the KiwiSaver party some five and a half years after it began.The bank, the only major bank without its own KiwiSaver scheme, has registered a KiwiSaver scheme...
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National Australia Bank boss Cameron Clyne seen shuffling executive team with...
TweetBNZ is declining to comment on a report its managing director and CEO, Andrew Thorburn, may move to a new role at parent National Australia Bank (NAB), and be replaced by current NAB executive...
View ArticleBNZ and its CEO Andrew Thorburn named inaugural winners of UN Women’s...
TweetThe BNZ, and its managing director Andrew Thorburn, have won a United Nations gong for gender equality.They've won the inaugural UN Women’s Empowerment Principles Benchmarking for Change Award....
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National Australia Bank boss confirms Andrew Thorburn will remain as BNZ's CEO
TweetBNZ managing director and CEO Andrew Thorburn will remain in the job, the CEO of BNZ's parent National Australia Bank (NAB) Cameron Clyne has confirmed.This comes after a recent report in the...
View ArticleBNZ names Michelle van Gaalen to new role as director of strategy and...
TweetBNZ has appointed Michelle van Gaalen, most recently a consultant, to its executive team in the new role of director of strategy and business performance.In a statement BNZ CEO Andrew Thorburn...
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BNZ interim net profit after tax drops 15% to NZ$298 mln as expenses and...
TweetBNZ's half-year net profit after tax fell 15% as operating expenses rose, operating income fell and impairments on loans increased.For the six months to March 31 the BNZ Banking Group's net profit...
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BNZ to spend hundreds of millions of dollars on new core banking system in...
TweetBy Gareth VaughanBNZ is splashing out on a new core banking system, in what CEO Andrew Thorburn says will be a project lasting up to five years costing hundreds of millions of dollars.Speaking to...
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BNZ CEO Andrew Thorburn questions whether the big banks holding more capital...
TweetBy Gareth VaughanThe Reserve Bank needs to be careful that its move to force the big four banks to hold more capital against home loans with high loan-to-value ratios (LVRs) solves the problem it...
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Will any of the major banks be able to escape legal action over 'excessive'...
Short headline: Who's next for Fair Play on Fees? TweetBy Gareth VaughanWhen filing a statement of claim against ANZ last month over "excessive" fees the bank has charged its customers, Fair Play on...
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BNZ's 5-year 'NextGen' programme to replace core banking systems and speed up...
Short headline: BNZ's $400 mln 'full transformation' TweetBy Gareth VaughanBNZ is spending $400 million over five years replacing its core banking systems and dragging its plumbing into the twenty...
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BNZ says it could take at least 6-8 weeks to repair and fit out its...
Short headline: BNZ Wellington regional HQ shut for up to 8 weeks TweetBNZ CEO Andrew Thorburn says the bank's Harbour Quays building in downtown Wellington, where about 1,200 staff are based, will be...
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