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Armed Burglar Escapes with Unknown Amount of Cash

A bank thief portrayed as "highly aggressive" has escaped with an anonymous sum of money from a bank in east Hamilton.Police have eulogized the deeds of Kiwibank employees in the Hillcrest shopping...

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Partial Sale of Kiwibank Expected to Prove Helpful

The fractional sale of Kiwibank to retail investors by stock market float can prove a good proposal.The proposed NZX listing with independent directors has been opted in order impart disciplines of...

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Kiwibank to Be Sold

Critics of the sale of Kiwibank to the New Zealand Superannuation Fund stress that it may not prevent the bank from going into the hands of a foreign bank.read more

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Kiwi Bank Unburdens Weight of Interest by .25%

Kiwibank has removed the weight if interest rates by 0.25%, following similar rises that had been announced in recent days, by most of the other major banks.The increase comes following the Reserve...

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Kiwibank Makes up Mind to Change Interest Rates

An announcement has been made by Kiwibank stating that it was going to change interest rates on its mortgages, with six month rates rising for floating, but on the contrary, the longer terms rates set...

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Kiwibank Running Short of Capital Due to Over-trading

According to Sir Ralph Norris, former New Zealand Business Roundtable Chairman, Kiwibank does not have enough funds as it is indulging itself in over trading.read more

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KiwiBank Seeks Offshore Funding; Guaranteed by Government

State-owned lender KiwiBank, after witnessing 13% fall in its annual profits, announced its decision to procure funds from the foreign lands.The annual net income of the said bank dropped to $45.8...

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Kiwibank Names New CEO

KiwiBank is reported to have named Paul Brock as the Company's new CEO. Brock is a member of the original team that established Kiwibank in 2002.Brock has been named as a replacement for Sam...

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Canterbury's Earthquake Taken Seriously by NZ Post

The recent earthquake, which shook the Kiwibank subsidiary of Canterbury in New Zealand, has heavily injured the New Zealand Post, a bank and postal service owned by the state.The company has witnessed...

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Class action against Kiwibank over 'unfair' fees

Fair Play on Fees is a campaign targeting being organised against New Zealand's registered banks over allegedly charging its customers unfair penalty fees. The campaign aims at reclaiming the...

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Kiwibank announces changes about cheap loan

The Reserve Bank of New Zealand has been congratulated for doing away with new lending restrictions on loans for constructing new houses.The changes were made by the central bank when retail banks...

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Kiwibank is the third bank to lift mortgage rates

Being the third one this week Kiwibank lifted its mortgage rates. The bank said that from today it would raise its one-year home loan rate from 5.25 per cent to 5.45 per cent while its two-year rate...

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