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


Assessing the strengths and weaknesses of fin-cos

Assessing the strengths and weaknesses of finance companies

New feature available from

When you invest in term deposits, you want to earn the best return possible, without taking unnecessary risk.

But assessing risk is the hard part.

A new resource is now available to every investor. You can do-it-yourself with a few easy clicks, free on the internet. has released a unique feature that makes it very easy to look at, or print out, a key profile of a bank or finance company’s latest financial statements.

And, this same feature analyses those financial statements into a series of Assessments.

These Assessments provide a snapshot look at six key aspects - Profitability, Growth, Strength, Quality, Efficiency, and Exposure.

These snapshots look at the last three completed financial years, giving the reader an excellent view of the company’s recent track record.

An additional and valuable feature allows you to compare the latest profile of up to three different institutions, all on the same page.

Using credit ratings is a good strategy to assess risk, but many term deposits, secured debentures, and unsecured offerings do not have a credit rating. Then there is the problem of making sense of the various credit rating codes. What do they mean, and how do you apply them to your situation?

Each financial institution (banks and finance companies) is required to give the investor an Investment Statement, and each institution will make its financial statements available if you ask. And, of course, those financial statements are posted on the Companies Office website.

There are plenty of sources and resources available to the investor. But accessing them, and making sense of them, is not easy. It is both time-consuming, and technical.

Investing in the services of a qualified professional adviser is the good idea also. They have access to expensive technical analysis, and can provide professional advice based on your appetite for risk.

Complementing these resources, provides a free service where any investor can do some important pre-qualification before contacting a short-list of financial institutions. This new resource is not a substitute for a full analysis before investing – but it is a very easy way to pre-qualify financial institutions, and to target aspects of their financial strengths that you think are important.

© Scoop Media

Business Headlines | Sci-Tech Headlines


NIWA: Tonga Eruption Discoveries Defy Expectations
New findings from the record-breaking Tongan volcanic eruption are “surprising and unexpected”, say scientists from New Zealand’s National Institute for Water and Atmospheric Research (NIWA)... More>>

Commerce Commission: Appeals Record $2.25m Fine In Vodafone FibreX Case

The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed in the Auckland District Court on April 14 was the largest-ever fine under the Fair Trading Act, the Commission will argue that it is manifestly inadequate... More>>

All District Health Boards: Historic Pay Equity Settlement

An historic agreement has been ratified that addresses a long-standing undervaluation of a workforce that is critical to the smooth running of our hospitals and the delivery of healthcare... More>>

Finder: RBNZ Survey: 64% Of Experts Say Rising Inflation Will Push More Kiwis Into Debt

Soaring inflation and cost of living pressures will see many households pushed to the financial limit, according to experts... More>>

Barfoot & Thompson: Rents Up By Around 3% In Most Areas

The average weekly rent paid for homes in most areas of Auckland has risen by around 3 percent year-on-year. The figures for end March from more than 16,000 properties... More>>

DoC: Smeagol The ‘Gravel Maggot’ Leaves Its Rare Mark On The Remote West Coast
An extremely rare species of sea slug or ‘gravel maggot’ has been detected for the first time on a remote beach in South Westland... More>>