mutual societies
SBS Bank CEO Shaun Drylie hopeful the mutually owned building society will gain RBNZ approval for a Tier 1 capital instrument to help it meet the regulator's bank capital proposals
6th Jun 19, 5:00am
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SBS Bank CEO Shaun Drylie hopeful the mutually owned building society will gain RBNZ approval for a Tier 1 capital instrument to help it meet the regulator's bank capital proposals
Financial performance and lending growth steady across The Co-operative Bank, SBS, TSB, Heartland, and Rabobank during the June quarter
28th Aug 18, 11:08am
Financial performance and lending growth steady across The Co-operative Bank, SBS, TSB, Heartland, and Rabobank during the June quarter
Westforce Credit Union provides interest.co.nz letter showing NZCU Baywide agreeing to buy its Co-op Money capital notes if Westforce left the industry body
2nd Aug 18, 5:00am
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Westforce Credit Union provides interest.co.nz letter showing NZCU Baywide agreeing to buy its Co-op Money capital notes if Westforce left the industry body
Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges
26th Jul 18, 5:06pm
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Credit union industry association Co-op Money NZ battles a core banking system upgrade cost blowout, divorce from two members & other financial challenges
MBIE proposing that New Zealand registered building societies will only be allowed to provide services to New Zealanders
20th Jul 18, 5:00am
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MBIE proposing that New Zealand registered building societies will only be allowed to provide services to New Zealanders
To the chagrin of the major banks the RBNZ is sticking to its guns on contingent debt and says even after feedback to its proposal, it still plans to ban contingent debt from qualifying as regulatory capital
20th Dec 17, 4:31pm
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To the chagrin of the major banks the RBNZ is sticking to its guns on contingent debt and says even after feedback to its proposal, it still plans to ban contingent debt from qualifying as regulatory capital
Steadily growing Nelson Building Society wants greater ability to tap preference shares as a funding source
24th Jul 17, 11:17am
Steadily growing Nelson Building Society wants greater ability to tap preference shares as a funding source
Registered here and operating overseas: Three building societies feature US$5.5 bln of mine assets, Danish regulatory wrath, and a ready mix concrete expert
24th Apr 12, 4:46pm
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Registered here and operating overseas: Three building societies feature US$5.5 bln of mine assets, Danish regulatory wrath, and a ready mix concrete expert
IAG 'taking out mutual competitor' AMI would create 'near duopoly', Merrill Lynch analysts say, meaning Commerce Commission could block deal
22nd Dec 11, 3:40pm
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IAG 'taking out mutual competitor' AMI would create 'near duopoly', Merrill Lynch analysts say, meaning Commerce Commission could block deal
AMI officially goes on the block this week after breaching Crown Support Deed through a NZ$76 million capital shortfall
27th Sep 11, 12:48pm
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AMI officially goes on the block this week after breaching Crown Support Deed through a NZ$76 million capital shortfall
New Zealand Association of Credit Unions, keen to attract new members, says 'we treat customers better than banks do'
5th Apr 11, 12:31pm
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New Zealand Association of Credit Unions, keen to attract new members, says 'we treat customers better than banks do'
Costs of proposed 'Heartland Bank' merger push CBS Canterbury to NZ$1.69 mln half-year loss
18th Nov 10, 11:50am
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Costs of proposed 'Heartland Bank' merger push CBS Canterbury to NZ$1.69 mln half-year loss
Hastings Building Society boss joins SBS Bank board after finding 'pot of gold at the end of the rainbow'
9th Nov 10, 1:49pm
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Hastings Building Society boss joins SBS Bank board after finding 'pot of gold at the end of the rainbow'
Proposed 'Heartland Bank' eyes NZ$500 mln securitisation programme, up to 150 basis point drop in cost of funds
2nd Nov 10, 4:13pm
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Proposed 'Heartland Bank' eyes NZ$500 mln securitisation programme, up to 150 basis point drop in cost of funds
Westpac lending growth hits interest margins