Banking Press Releases

Economic activity is considered to have improved following the previous OCR statement from Alan Bollard, Reserve Bank Governor as the OCR is maintained at 2.5 percent.

The OCR remains unchanged at 2.5 percent with the RBNZ Governor describing the outlook as “uncertain” following the Christchurch earthquake.

StackUP.co.nz: NZers taking the first deal, but not always the best deal. Especially when it comes to their mortgage. In this age of “customer is king”, consumers now have the ability to really question whether or not they are getting the best deal. Up until now, there has been the will but not really the way.

ANZ discuss the Parliament of Australia’s Senate Economics Committee’s inquiry into competition within the banking sector through an open letter to shareholders.

RBNZ Deputy Governor Grant Spencer invites submissions on proposals to change the disclosure regime for registered banks to reduce compliance costs.

The Commerce Commission has determined payment distribution to ANZ/ING investors. The payment method should return about 95% of the capital originally invested by eligible investors.

ANZ supports international education and NZ migrants. ANZ sponsored the NZ pavilion at the Shanghai World Expo, and took a delegation of 30 NZ representatives to the expo, providing networking opportunities.

ANZ National Bank Ltd and ING (NZ) have announced a settlement with NZ Commerce Commission and NZ Securities Commission over the marketing and promotion of the ING Diversified Yield Fund and ING Regular Income Fund to pay an additional NZ$45 million to eligible investors. ANZ and ING had already made NZ$500 million available.

ANZ’s new data centre has been officially opened by Commerce Minister Simon Power.

Online accounting software company Xero enters into agreement with Schola Technologies to deliver an integrated online school management system for roll out in the 2011 school year.

ASB is pleased that the SFO investigation into Stephen Versalko’s fraudulent activity has resulted in a guilty plea and sentencing.

ANZ is seeing an improvement in the NZ business mind-set as it emerges out of the recession.

Peter Dunne, Revenue Minister for New Zealand says a $2.2 billion settlement agreement with the Banks over a long-running tax avoidance dispute is a victory for legal process in New Zealand and shows that the IRD has the capability to pursue cross-border transactions.