Banking and finance
BNZ profit falls 23% as tech costs and bad business debts bite
CEO Dan Huggins says customers want emerging economic momentum to continue.
Latest from BNZ - Bank of New Zealand
Stories and analysis from The Northern Express Herald.
'Does Mr Seymour or Mr Luxon understand economics?': Peters firm on plan to buy back BNZ
The NZ First leader wants a premium-priced government offer made to NAB.
NZ First's BNZ buy-up plan could cost Govt about $24b
Critics argue expanding Kiwibank with private capital would be a better option.
NZ Herald Headlines | Monday, May 18, 2026
Morning Headlines | NZ First announces intention to buy out BNZ and National Party's plans to prohibit good character sentence discounts for sexual offenders | Monday, May 18, 2026
Sign of the times? BNZ takes $352m hit, as it replaces tech increasingly often
Change of accounting treatment of software has $352m impact on BNZ's books.
BNZ undercuts rival banks as it hikes key mortgage rates
Four of the big five banks have now lifted mortgage rates in the past two weeks.
NZ CEO pay survey: The $17m boss who broke our spreadsheet
Are any CEOs really worth $17.3m? What the pay survey tells us.
Tech investor Maya Pan – Growth NZ – takes a swing at Australian-owned banks | Herald NOW business
Kiwi households pay meaningfully more on mortgages than Australians because four banks control 90% of the market. Video / Herald NOW business
Inside Economics: Is AI to blame for pushing unemployment rate higher?
ANALYSIS: Liam Dann takes a deeper dive into the week's economic news.
Rate whiplash: ASB, BNZ hike long fixes but trim six-month home loans
ASB has cut its six-month home loan rate by 20bps to a 'market-leading' 4.65%.
How NZ companies can build resilience through economic uncertainty
Finalists fo the AWS Company of the Year are The a2 Milk Company, Fonterra and Rocket Lab.
ANZ NZ chairman tops NZ board pay list at $782,000
Bank reporting shows ANZ NZ and BNZ chairs are the best-paid, including parent co-roles.
Sign of bank competition? BNZ grows, but its profitability stays the same
BNZ CEO says businesses have been paying down debt, rather than investing.
'I get paid a lot of money': Banker's $2m salary doubles over year
The chief executive of Westpac's salary is 55 times the average Kiwi's.
Bank introduces lowest advertised mortgage rate on the market
The move puts it ahead of its competitors, which are offering one-year rates of 4.49%.
Two more banks drop home loan rates after OCR cut
Kiwibank and BNZ have followed moves by other retail banks yesterday.
Banks rush to cut mortgage rates after big OCR drop
It follows a string of pre-emptive cuts by banks to fixed-term rates last week.
Economists divided on extent of OCR rate cut this week
The Reserve Bank is expected to cut the Official Cash Rate on Wednesday.
Two more banks drop fixed mortgage rates to 4.49% ahead of OCR move
Westpac and ASB join ANZ and BNZ in cutting their one-year rates.
Rate-cutting merry-go-round: More banks cut mortgage rates
Kiwibank and Westpac are the latest to match rivals in lowering their home loan rates.
NZ’s largest taxpayers revealed - does big business play fair?
Thirteen companies each pay more than $100m in annual income taxes.
Major NZ bank cuts home loan rates ahead of OCR decision
The Reserve Bank is widely expected to cut the Official Cash Rate tomorrow.
Opinion: The 'Trump effect' on markets
OPINION: Market volatility surged with new tariffs on Canada, Mexico, and China.