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ANZ, BNZ bosses in no hurry to follow RBNZ's advice and get more information about insurability of property

Bank of New Zealand feels squeeze from higher costs, reduced margins

The Bank of New Zealand is weathering the slowing economy, but is feeling the squeeze from higher costs and reduced margins.

Savers slowly capitalise on high interest rates

Savers appear to be missing out on higher interest rates by keeping their money in transaction accounts rather than in term deposits. Speaking to the Herald.

HY24 Results: Resilient Result In Subdued Economic Environment

Bank of New Zealand (BNZ) today announced a statutory net profit of $762 million for the six months to 31 March 2024, a decrease of $43 million or 5.3% on the prior year.

BNZ half-year profit falls 5%

BNZ interim profit drops with income and net interest margin falling and expenses rising