Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Kiwi Co-operative Dairies Welcomes BNZ Initiative

Kiwi Co-operative Dairies Limited Welcomes BNZ Initiative

Bank of New Zealand’s move to provide 100 per cent funding for Kiwi Co-operative Dairies shareholders to purchase shares to allow increased production, has been warmly welcomed by the company.

At the launch of Farm First Dairy Share Loan finance package at Mystery Creek today, Kiwi Co-operative Dairies Limited Deputy Chairman, Ian Armstrong said the package was fully in synch with Kiwi’s Fair Value Share Standard and he anticipated considerable interest in the package from Kiwi suppliers.

“The mere fact that we have a major bank responding to the dairy industry’s four per cent growth objective in such a practical manner is a plus for the whole industry, not just for Kiwi,” said Mr Armstrong.

Mr Armstrong said Kiwi suppliers would be pleasantly surprised to find that Farm First Dairy Share Loans were available to all Kiwi suppliers, not just Bank of New Zealand customers, and linked to wholesale interest rates.

He said that with the vote on the Global Dairy merger imminent, Farm First Dairy Share Loans would remain attractive to dairy farmers whatever co-op structure emerges for the future of the industry.


© Scoop Media

Business Headlines | Sci-Tech Headlines


I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news