Articles tagged with Bnz
New Zealand Launches Gas Transition Loan Guarantee Scheme to Support Businesses
2 weeks ago | 223 viewsThe Gas Transition Loan Guarantee Scheme, launched by the New Zealand government, aims to help businesses reduce reliance on gas by providing loan guarantees covering 80% of default risk, enabling banks to offer better lending terms and unlock up to $1.2 billion in financing. This initiative supports regional industries facing high gas prices and supply uncertainty by promoting energy efficiency and alternative energy investments to maintain competitiveness and protect jobs. Additionally, the Energy Efficiency and Conservation Authority offers independent support to help businesses assess energy options and plan practical transitions.
Tags: Nicola Willis Simeon Brown Shane Jones Gas Transition Loan Guarantee Scheme New Zealand Energy Efficiency and Conservation Authority ANZ ASB BNZ KiwibankNew Zealand Manufacturing Hits Strongest Growth in Nearly Five Years
1 month ago | 365 viewsNew Zealand's manufacturing sector experienced its strongest growth in nearly five years, with the BNZ-BusinessNZ Performance of Manufacturing Index rising sharply to 59.7 in June, indicating robust expansion across new orders, production, and employment. The sector, which employs over 220,000 people and contributes significantly to GDP and exports, is driving economic growth and outperforming major global economies. Government support, including the Investment Boost initiative, is helping manufacturers invest in productivity-enhancing machinery, sustaining the sector's momentum and future development.
Tags: Cameron Brewer Stephen Toplis New Zealand BNZ BusinessNZ Manufacturing Small Business Investment Boost United States ChinaNew Zealand Manufacturing Hits Highest Activity Since 2021 with Growth and Awards
7 months ago | 1177 viewsNew Zealand manufacturing activity reached its highest level since December 2021, with the seasonally adjusted PMI rising to 56.1, indicating industry expansion and outperforming major global economies. Manufacturing is vital to New Zealand’s economy, employing over 220,000 people, contributing 8% of GDP, and accounting for 60% of exports, with recent growth signaling a positive outlook. To celebrate this success, the government announced the second annual Minister for Manufacturing Awards, introducing new categories to recognize small businesses, emerging leaders, and lifetime contributions, with entries opening from 23 February to 31 March 2026.
Tags: Chris Penk New Zealand Manufacturing Small Business BNZ BusinessNZ Performance of Manufacturing Index Minister for Manufacturing Awards Advancing Manufacturing Aotearoa Auckland ShowgroundsOpen Banking Launches in New Zealand: Faster Loans, Easier Budgeting & Secure Data Sharing
8 months ago | 918 viewsOpen banking officially launched in New Zealand on 1 December 2025, enabling faster loan approvals, easier bill management, and personalized budgeting through secure, regulated sharing of financial data with customer consent. The new system, regulated under the Customer and Product Data Act 2025, requires major banks to implement open banking capabilities and mandates accreditation for third-party data requestors to ensure security and trust. This initiative aims to boost innovation and competition in the banking sector, benefiting consumers, small businesses, and fintech companies by providing enhanced financial tools and services.
Tags: Scott Simpson Open Banking New Zealand MBIE Customer and Product Data Act 2025 ANZ ASB BNZ Westpac KiwibankGovernment Backs Community Housing Providers with New Loan Guarantee Scheme to Boost Social Homes
10 months ago | 1051 viewsThe Government has introduced a new loan guarantee scheme to support community housing providers in delivering more social homes at a lower cost, with banks providing debt financing at reduced rates. This initiative aims to remove obstacles and inefficiencies in social housing delivery, with the Crown guaranteeing 80% of loans to eligible providers. The scheme, available until 2027, supports up to $900 million in new lending and refinancing, empowering community housing providers to expand and improve housing accessibility for those in need.
Tags: Government community housing providers loan guarantee scheme Nicola Willis Chris Bishop ANZ ASB BNZ Kiwibank Westpac