Snap Rentals is driving growth with asset finance

Shaking up an established industry like the vehicle rental market is no easy task. However, that’s exactly what Jamie Bennett and Patrick Broadbent have done with Snap Rentals.

With growth of over 400% and a regional win in the 2016 Deloitte Fast 50 and an 11th place ranking overall, the team at Snap are clearly doing something right. We had a chat with Jamie to get a little insight into how they grew the business from a single car to over 400 in just a few years. Continue reading…

Android Pay launches in New Zealand

Whether it’s popping out for a morning coffee or topping up the petrol tank, day to day purchases are set to take on a new level of convenience for Android phone toting BNZ customers – we’ve partnered with Google™ to bring Android Pay™ to New Zealand. From today New Zealander’s with a BNZ Flexi Debit Visa will be the first in the country to use Android Pay on their phones like a contactless card. Continue reading…

Setting up a foreign exchange strategy for your business

New Zealand is a great place to do business and consistently ranks at or near the top of annual lists put together by the likes of Forbes and the World Bank when it comes to ease of doing business. It’s also a small market and that means local businesses in search of growth often look overseas.

Trading overseas, either through exporting or setting up shop off shore, brings with it a number of new business challenges that can vary from territory to territory. Continue reading…

Modica Group’s tips for expanding your business overseas

Deloitte Fast 50 2016 finalist, Modica Group, is a New Zealand company making a name for itself internationally in the fast growing world of enterprise messaging services. Not content with being a mere player, Modica has big plans for redefining the global EMS (enterprise messaging services) market and already it has operations in Australia, South-East Asia, The Dominican Republic and the USA. We spoke to Modica Chief Marketing Officer, Ben Northrop, to find out how they’ve grown and why international expansion is crucial for so many New Zealand businesses.

Continue reading…

Auckland property developers feel funding pinch

As Christmas approaches, BNZ’s Chief Economist Tony Alexander cautions that we’ll see a slowdown in the supply of Auckland houses due to lack of finance available to property developers. However, expect a brighter outlook come the New Year. 

Inflation around the world has been lower than expected by practically all of us since 2009 and that has seen interest rates stay at unusually low levels. These low rates have been one of the factors propelling house prices upward. Now things are changing.

Continue reading…

New Zealand’s Deloitte Fast 50 announced

The 16th edition of the New Zealand Deloitte Fast 50 list was announced last night after a day of business inspiration and advice at Villa Maria Estate from some of NZ’s top athletes, business leaders and companies. It’s BNZ’s third year sponsoring the event and 21 of the 50 companies on this year’s list are BNZ customers. BNZ Director of Partners Shelley Ruha on the importance of picking the right partners for your business.  Continue reading…

Auckland property investors: Deposit rise and limited lending possible

BNZ’s Chief Economist Tony Alexander reflects on Auckland’s housing market since the minimum 40% deposit for property investors was introduced and suggests further changes could be coming.

We are now three months into the period when banks have been implementing the Reserve Bank’s policy of requiring investment property purchasers to have a minimum 40% deposit. The evidence to date from this change is that buyers have backed away from the market, resulting in lower auction clearance rates and properties taking slightly longer to sell. Continue reading…

Investors nerves on edge as US election approaches

BNZ Private Bank Analyst, Katie Thompson, gives us an overview of the current state of play and what you can expect to see in financial markets in the lead up to the US election day.

The US presidential election will take place in just over four weeks, on 8 November 2016. The thought of Republican candidate, Donald Trump, becoming the president of the world’s largest economy is making investors nervous, and setting the stage for more market volatility, given his unconventional views and lack of clear policy direction. Continue reading…

Brexit still got you on edge?

BNZ Private Bank Analyst Chris Stephens, takes a closer look at the impact of Brexit on global financial markets and some of the other key issues that could affect investment returns going forward.

In the week that followed the UK’s referendum vote to exit the European Union (EU), global financial markets fell heavily, but quickly recouped their lost ground. In fact, during the three months since the vote, investors have been quick to shift their focus away from Brexit to other issues that may impact investment returns.

Continue reading…