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Kiwibank eyes growth in business banking
NZ Post says it has ambitious plans for its subsidiary Kiwibank to take a bigger slice of the business banking market.
Floating mortgages now over 50pc of all NZ home loans
More than half of New Zealand's $168.2b of mortgages are now on floating rates, says the Reserve Bank.
Media: Fair Go deal diminishes brand
A deal between a market researcher and Fair Go is bad for the consumer watchdog TV programme.
House prices rise to record average
New housing statistics have identified increasing numbers of Auckland suburbs that are out of reach for first-time buyers, with childless big-earners the most likely to be able to buy now.
BNZ, Kiwibank follow the trend, cutting interest rates
BNZ and Kiwibank have joined the other banks and cut mortgage rates.
Kiwibank profits slump 41pc
Kiwibank says half year profits fell 41 per cent as bad debt provisions more than doubled.
Banks recover from 2009 rout but lending slow, says report
Lending to customers at New Zealand's banks grew by a meagre 0.7 per cent in the second half of their financial year, a new report shows.
Kiwibank 'kick starts' 2011 with mortgage rate cut
In the first mortgage rate cut of 2011, Kiwibank has dropped its one-year mortgage rate to 6.15 per cent from 6.45 per cent per annum.