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10 Jan 2025 17:36
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      Home > News > Business

    The Reserve Bank has issued a license for a non-bank deposit taker, for the first time in almost a decade

    The Reserve Bank has issued a license for a non-bank deposit taker, for the first time in almost a decade

    8 January 2025
    It's granted the license to new Hawke's Bay finance company Welcome.

    Welcome's chief executive, Anton Douglas, says the company will offer higher deposit rates thank banks, with more certainty of returns.

    He says it will also offer better protection than mortgage funds and unregulated alternative options.

    © 2025 Newstalk ZB, NZCity


     Other Business News
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     09 Jan: New Otago University research has found not all unwanted food is able to be re-purposed in a sustainable way
     09 Jan: Travellers through Northland can expect disruption as a large road restoration programme rolls on
     09 Jan: Uncertainty over what's next for Wellington's now sold Reading Cinema Complex
     08 Jan: Safe drinking advocates are celebrating, over a licensing decision refusing 'buy now, pay later' schemes in bottle stores
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    RUGBY RUGBY
    Wallabies utility Kurtley Beale has returned to the Western Force with a view to playing later in the Super Rugby season More...

    BUSINESS BUSINESS
    It's been a slow end to the year for one of our largest retail companies More...


     Today's News

    		 Rugby League:
    Warriors coach Andrew Webster will seek counsel from those around him as he contemplates his new NRL captain 17:27

     Entertainment:
    Jennifer Lopez's 'Unstoppable' premiere was cancelled due to the Pacific Palisades fire 17:19

     Tennis:
    Gael Monfils will tomorrow aim to become the oldest winner on the ATP Tour since it was introduced in 1990 16:57

     Health & Safety:
    Good news for Osteoporosis patients - with access to a new drug about to get much easier 16:57

     Politics:
    Anthony Albanese is already on the campaign trail. It signals the tough election battle ahead 16:47

     Business:
    It's been a slow end to the year for one of our largest retail companies 16:37

     International:
    Before-and-after images of Los Angeles fires expose their devastating scale 16:37

     Environment:
    Why community volunteers will be essential for how NZ handles the arrival of bird flu 16:37

     Cricket:
    Netherlands cricket international Logan van Beek is urging the ICC to provide more white ball opportunities for associate members 16:27

     National:
    Trump’s Greenland bid is really about control of the Arctic and the coming battle with China 16:27

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