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

 

MARAC enters partnership arrangement with Kiwibank

For immediate release
29 August 2006

MARAC enters a partnership arrangement with Kiwibank


Pyne Gould Corporation’s subsidiary MARAC, today announced that it has entered a partnership arrangement with Kiwibank to provide products and services to Kiwibank customers.

The agreement will have Kiwibank offering its own consumer customers “Kiwibank vehicle finance” under the terms of an agreement with MARAC. Kiwibank will market and promote the products to its customers and MARAC will act for Kiwibank bringing its expertise in vehicle finance assessment, asset financing management, and ancillary services to the benefit of Kiwibank and its customers.

In addition, MARAC will provide plant and equipment financing to Kiwibank's Business customers, which will build on Kiwibank's existing offering to their Business Banking clients and recognises MARAC’s specialist skills in asset finance.

The partnership leverages the skills and experience of two proudly New Zealand owned and operated businesses.

Brian Jolliffe, Managing Director of MARAC, noted that the nature of the agreement was seen as good for both parties. “MARAC has expertise in these markets developed over many years and Kiwibank wishes to provide these products and services to its customers in a competitive market. This is clearly an arrangement which will have each of us providing our expertise for the ultimate benefit of the customer”.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>