Geneva announces early payment
Geneva Finance’s moratorium repayment of $4.9 million, due on September 30, will be paid on May 8, 22 weeks ahead of schedule, the NZAX-listed vehicle loan provider said.
The September 2010, March 2011, September 2011, March 2012 , September 2012 and March 2013 scheduled debenture principal repayments were also all paid early.
Including this payment, Geneva has repaid more than $144 million of investor principal and interest payments since the company entered moratorium in November 2007, owing $132.4 million to investors.
Geneva says it has paid $41...MORE»
Dorchester announces structure simplification, dividendsWednesday, May 1st, 5:07PM
Dorchester has increased its profit guidance and announced it intends to pay dividends for the first time since 2007. MORE» |
New Zealand's lack of deposit insurance unusualThursday, April 11th, 11:46AM
New Zealand and Israel are the only OECD countries without deposit insurance for bank savings accounts. MORE» |
Non-bank lenders under review
The Reserve Bank has asked for submissions on its review of the prudential regime for non-bank deposit takers (NBDTs).
MORE»Allied Farmers may be liquidated
Beleaguered lender Allied Farmers, which faces two separate statutory demands totalling more than $4 million, says it could be put into liquidation if a repayment proposal can’t be agreed on.
MORE»NZF payment freeze to continue
NZF Group won’t be resuming interest payments despite the “imminent” lifting of an asset freeze order stemming from a court dispute.
MORE»IRD demand adds to Allied’s woes
Allied Farmers has been hit with a second statutory demand in the space of a fortnight, this time by the Commissioner of Inland Revenue for $3.7 million.
MORE»BNZ calls in $450m of notes
Bank of New Zealand parent National Australia Bank (NAB) has opted to call nearly $450 million of BNZ Income Securities perpetual shares.
MORE»