Responsible investment policy prompts changes in BNZ KiwiSaver scheme

In September 2016 we announced we would be reviewing the BNZ KiwiSaver Scheme investments. We’re glad to report that we’ve developed a responsible investment policy spanning all investments made on behalf of our customers.

This has led to a number of exclusions being applied in our international equity holdings. Companies involved in the production of cluster munitions, anti-personnel mines, nuclear weapons as well as tobacco are excluded.

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BNZ opens free co-working space in Christchurch

At BNZ we love supporting entrepreneurs to grow their business and want to help businesses work together to build new relationships and create a culture of collaboration and innovation.

Christchurch is a community that’s proven it’s full of strong, resourceful and collaborative people so we’re excited to announce that we’ve opened a free co-working space for small to medium enterprises in Christchurch’s CBD called community101.

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Record number of BNZ Start-Up Alley entries

BNZ Start-Up Alley is one of the highlights of Webstock, the globally significant celebration of the web and gathering of its makers. This year will be no different with a record number of entries into the competition and yet another six fantastic finalists gearing up to pitch their idea to a panel of expert judges on February 16 at the St James Theatre in Wellington.

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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.

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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.

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