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Latest Deposit Rate News
Monday 10 April 2017
Kiwibank has had to go to its new shareholders for more money. Just six months after its partial sale, the bank has had to tap NZ Post, the NZ Super Fund and ACC for another $247 million of common equity, effective today. It follows concerns from the Reserve Bank that the bank’s capital notes did not comply with its capital adequacy roles. “Shareholders will fund proportionate to their More »
Thursday 12 January 2017
UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company. More »
Wednesday 11 January 2017
ANZ Bank New Zealand has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group. More »
Monday 21 November 2016
BNZ has introduced a two-year deposit rate special of 4%. More »
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