Latest news with #ANZNZ
RNZ News
03-06-2025
- Business
- RNZ News
Biggest bank cuts home loan rates
Photo: RNZ / Nate McKinnon ANZ is cutting some of its fixed home loan and term investment rates. It will cut its 18-month fixed rate by 10 basis points to 4.89 percent, which the bank said was the lowest since April 2022. The six-month special drops 20bps to 5.29 percent. Grant Knuckey, managing director for personal banking, said the changes would provide relief for customers taking on new home loans and for those that are due to refix. "The vast majority of ANZ NZ customers are on fixed rates, and they're seeing the benefits of the falling interest rate environment," he said. "For example, our 1-year home loan special rate has fallen from 7.39 percent in March 2024 to 4.95 percent - that's a drop of nearly 2.5 percent." The bank will also cut its term investment rates by between five and 15 basis points. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
Scoop
15-05-2025
- Business
- Scoop
Change Of Directors On ANZ New Zealand Board
ANZ Bank New Zealand Limited (ANZ NZ) announced today that Mr Gerard Florian, ANZ Group Executive Technology & Group Services, has retired from its Board. Mr Florian has been a non-executive director of ANZ NZ since October 2022. ANZ NZ also announced today that Mr Mark Whelan, ANZ Group Executive Institutional, would be joining its Board as a non-executive director effective immediately. The Reserve Bank of New Zealand has confirmed they have no objection to Mr Whelan's appointment. The other members of the ANZ NZ Board are Scott St John (Chair), Dame Joan Withers, Mark Tume, Nagaja Sanatkumar, Carolyn Steele and ANZ NZ CEO and Group Executive Antonia Watson. ANZ Bank New Zealand Limited Get on top of your money ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country. We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen. Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
