8 articles
New Zealand banks channel only 18 per cent of lending to businesses excluding agriculture, well below the 30 per cent share recorded in Australia at the same point.
No New Zealand bank has met Consumer NZ's threshold for its People's Choice award for customer satisfaction in 2026, the first time this has occurred in ten years.
KiwiSaver recorded a 514 percent jump in partial withdrawals tied to permanent emigration in the first quarter of 2026, with roughly 2,000 people taking $77 million according to Financial Services Council figures. This surge, alongside a record $296.7 million in early hardship and first-home withdrawals in March 2026, signals that New Zealand's retirement scheme is doubling as an emergency exit…
Bank of New Zealand appointed receivers on 11 May 2026 to 92,902 shares in Dairy Goat Co-operative held by King Country Partnership (2013) Limited Partnership, together with all associated milk supply rights.
Independent economist Michael Reddell said he blanched at NZ First leader Winston Peters' threat to buy back the Bank of New Zealand from National Australia Bank and merge it with Kiwibank.
New Zealand's four largest retail banks have joined Visa's Agentic Ready programme and can now handle AI-driven agent-initiated payments using existing tokenisation and risk controls.
Markets have repriced a 0.25 percentage point OCR hike in July as almost certain after the Middle East conflict drove sharp rises in global oil prices and lifted near-term inflation expectations.
New Zealand businesses are prioritising cash reserves and balance-sheet strength over capital spending, even as operating profits hit $31 billion in the December 2025 quarter. This caution, triggered by geopolitical shocks and prolonged policy uncertainty, risks locking in weak productivity growth and lower living standards for years.
