
Mortgage Rates Commentary
We have a new bank
Wednesday 20th of November 2013
The Reserve Bank has registered a new bank in New Zealand, but don't expect it will help in the home loan market. The newest bank is ICBC (NZ). It is a start-up bank which will begin with a capital base of $62.5 million, which will consist of contributed capital from its parent, Industrial and Commercial Bank of China (ICBC).
ICBC (NZ) will look to leverage its strong presence in China i...
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