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Weekly Updates including news and commentary Latest Deposit Rate News FMT ticks over $500m in investments Thursday 4 May 2017 While banks clamp down on lending and restrictions tighten for investors, one non-bank lender has more money to offer than ever. Property finance and investment provider First Mortgage Trust has seen its investment book climb to more than $500 million. It passed the milestone on Monday of this week. That is up from just under $350m in the year ended March 31, 2016. Financial controller More » Monday 10 April 2017 Kiwibank has had to go to its new shareholders for more money. More » UDC gets downgraded on sale news 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 » Special Offers
Please note: Institutions pay to have their interest rates listed on this page. These offers are usually for a limited time. Please check with the institution direct to confirm details. More NewsBNZ offers 4% term deposit rate How FEI Investments reinvented itself Term deposits offered via Consilium platform Former finance firm completes full circle Wellington Airport issues bonds Chorus offers bonds with minimum 4.1% rate Banks cut cash PIEs to half OCR Banks cut cash PIEs to half OCR Turners looks to boost MTF stake |
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