Kiwibank rewarded its parent company, New Zealand Post, for many years of investment by paying a maiden dividend of $22million after reporting improved financial results in the year ended June.
Kiwibank substantially boosted its parent New Zealand Post's profit for the year ended June, with figures supplied to the market showing NZ Post would have barely broken even without the bank's contribution.
The defendant fully accepted ''it wasn't the tooth fairy'' who put $5000 in his bank account, counsel for Mosgiel labourer Gavin Manu Howie (23) told the Dunedin District Court yesterday. The...
Former Kiwibank chief executive Sam Knowles has been appointed a director of Mid Canterbury dairy processor Synlait Milk Ltd.
An improved interim profit from Kiwibank in the six months to December helped save face for its parent New Zealand Post, which continues to suffer from falling letter volumes and revenue.
A tight control of costs helped Government-owned Kiwibank report an operating profit of $111 million for the year ended June, nearly three and a-half times the profit reported last year.
A glitch in Kiwibank's system that caused disruptions to processing and access to internet and phone banking has been resolved, the bank says.
New Zealand Post is working quickly to move into the digital age as fewer letters are posted and customers look for change.
Kiwibank's first half profit at $37.9 million has rebounded strongly from $13.9m for the comparable period a year ago.
Further consolidation of KiwiSaver providers is likely after the announcement yesterday that Government-owned Kiwibank has bought Gareth Morgan Investments' businesses.
State-owned lender Kiwibank has extended its mark in the funds management business with the acquisition of high profile KiwiSaver funds manager, Gareth Morgan Investments.
Kiwibank's smart car, dubbed "Raymond", will be in Queenstown this week as part of a nationwide road trip seeking nominations for the 2012 Kiwibank New Zealander of the Year Awards.
On Friday, May 13, 2011, it was announced by New Zealand Post that the Dunedin Metro Postshop and Kiwibank in the Exchange would be closed. The negative effects of such a closure are obvious. ...
Kiwibank says a 5.4 percent six-month fixed rate mortgage special launched today is the lowest home loan rate it has offered since opening more than nine years ago.
State-owned Kiwibank reported a 41% fall in half-year net profit to $13.9 million, as provisions for bad debts were increased to $45.5 million from $19.5 million.
State-owned Kiwibank is cutting the interest on one of its fixed-rate mortgages, possibly just for a fortnight, as a means of "testing the market".
Kiwibank is cutting the interest on one of its fixed rate mortgages, possibly just for a fortnight, as a means of "testing the market".
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10% of income.
Kiwibank is cutting its two-year fixed home loan rate to 6.99 percent per annum from 7.30 percent.