Heartland Building Society is to buy PGG Wrightson's finance company for a nominal amount of about $100 million although the net cash position will see Wrightson forking out $2.5 million.

Geneva Finance, has reported a $6.2 million net loss for the year ended March after writing off a further $7.4 million off its pre-July 2007 loan book.

Heartland Building Society is to buy PGG Wrightson's finance company for a nominal amount of about $100 million although the net cash position will see Wrightson forking out $2.5 million.

Former Bridgecorp managing director Rod Petricevic has failed in his latest appeal against being denied legal aid.

NZF Group says it is in the final stages of mutual due diligence with an unnamed Australian private company which is expected to take a majority stake in NZF's home loan division.

Allied Farmers has staved off receivership by extending the due date of $7.5 million owed its former finance company from July 1 to March 31 next year.

Reserve Bank governor Alan Bollard is likely to raise interest rates sooner than previously signaled, having become more comfortable the economy is recovering and becoming more concerned about the inflation outlook.

Geneva Finance (GFNZ), says its annual results will show an increased level of provisioning in respect of old ledgers.

What Reserve Bank governor Alan Bollard makes of rising inflation expectations will be a key message financial markets are looking for from his next monetary policy statement on Thursday.

Embattled NZF Group is now so confident of securing fresh equity it says its home loans division will resume mortgage lending under its committed $225 million Westpac facility.

NZF Group is limiting new loans made by its troubled property finance group to a maximum $750,000,

Trying to establish what's happening to ANZ Bank's mortgage book continues to be trying.

The continuing fallout from the global financial crisis and the collapse of so many local finance companies saw the NZX-listed NZF Group post a $4.8 million net loss for the year ended March.

Allied Farmers won't be replacing chief executive Rob Alloway when his contract expires on June 30, says chairman Garry Bluett.

Kiwibank's March quarter net profit plunged as charges for bad loans soared. Kiwibank says the blowout in bad loans is almost entirely due to fallout from the Christchurch earthquakes.

Fisher & Paykel Finance's performance was the stand-out in its parent company's annual results, lifting operating profit by 20% while the supposed "main" appliances business saw its profit fall 20%.