Banking
Big banks 'haven't yet done a good enough job' persuading people NZ banking is competitive and their profits aren't too high, BNZ CEO Dan Huggins says
8th Nov 24, 10:17am
Big banks 'haven't yet done a good enough job' persuading people NZ banking is competitive and their profits aren't too high, BNZ CEO Dan Huggins says
[updated]
ANZ NZ annual profit drops 2% as net interest margin falls while expenses and hedging losses rise
8th Nov 24, 10:03am
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ANZ NZ annual profit drops 2% as net interest margin falls while expenses and hedging losses rise
Rabobank NZ CEO tells MPs 'we're doing our bit to create competition in the New Zealand market'
7th Nov 24, 11:59am
Rabobank NZ CEO tells MPs 'we're doing our bit to create competition in the New Zealand market'
[updated]
BNZ net profit driven by lending and deposit growth but offset by lower net interest margins and higher operating costs
7th Nov 24, 10:10am
4
BNZ net profit driven by lending and deposit growth but offset by lower net interest margins and higher operating costs
Reserve Bank's Financial Stability Report highlights tension between bank competition and resilience
6th Nov 24, 10:07am
7
Reserve Bank's Financial Stability Report highlights tension between bank competition and resilience
Live-streamed video from the November 2024 RBNZ Financial Stability Report press conference with Governor Adrian Orr & Deputy Governor Christian Hawkesby
5th Nov 24, 12:53pm
Live-streamed video from the November 2024 RBNZ Financial Stability Report press conference with Governor Adrian Orr & Deputy Governor Christian Hawkesby
RBNZ says strong profitability has helped banks remain resilient during the recession and means they are well-positioned to cope with rising unemployment
5th Nov 24, 10:42am
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RBNZ says strong profitability has helped banks remain resilient during the recession and means they are well-positioned to cope with rising unemployment
Westpac NZ CEO Catherine McGrath says any possible bank profit tax 'not on the top of my list of things that I can do anything about'
5th Nov 24, 9:14am
Westpac NZ CEO Catherine McGrath says any possible bank profit tax 'not on the top of my list of things that I can do anything about'
Global conflicts and trade threats could threaten New Zealand’s financial stability, driving inflation, tighter policies, and triggering recession
4th Nov 24, 12:44pm
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Global conflicts and trade threats could threaten New Zealand’s financial stability, driving inflation, tighter policies, and triggering recession
[updated]
Annual profit up for Westpac NZ as income rises and loan impairments fall
Big four Australasian banks expected to deliver 'another uneventful reporting season'
31st Oct 24, 9:11am
Big four Australasian banks expected to deliver 'another uneventful reporting season'
Heartland Group to 'rationalise' non-strategic assets, says economy still too volatile for it to provide earnings guidance
30th Oct 24, 1:42pm
Heartland Group to 'rationalise' non-strategic assets, says economy still too volatile for it to provide earnings guidance
No date set yet, but Reserve Bank staff expected to appear before parliamentary banking inquiry
30th Oct 24, 9:54am
No date set yet, but Reserve Bank staff expected to appear before parliamentary banking inquiry
ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates
29th Oct 24, 9:57am
1
ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates
Issuing debt, tapping 3rd party investors or an IPO touted as ways for the Government to boost Kiwibank's capital and thus its competitive position
28th Oct 24, 8:00am
39
Issuing debt, tapping 3rd party investors or an IPO touted as ways for the Government to boost Kiwibank's capital and thus its competitive position
Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review
25th Oct 24, 9:00am
Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review
Wind it up, loans without climate change conditions, cost of & return on capital, up like a rocket & down like a feather, Antonia Watson's very confusing remuneration, milking farmers, excess profit tax & other tales from the parliamentary banking inquiry
24th Oct 24, 9:18am
Wind it up, loans without climate change conditions, cost of & return on capital, up like a rocket & down like a feather, Antonia Watson's very confusing remuneration, milking farmers, excess profit tax & other tales from the parliamentary banking inquiry
‘Are you milking farmers instead of cows?’ ANZ chief executive Antonia Watson defends banking profitability during Parliamentary hearing
23rd Oct 24, 12:39pm
19
‘Are you milking farmers instead of cows?’ ANZ chief executive Antonia Watson defends banking profitability during Parliamentary hearing
Citing Resimac & Bluestone withdrawals from NZ, securitisation lobby group pushes for help for non-bank lending institutions
22nd Oct 24, 9:30am
Citing Resimac & Bluestone withdrawals from NZ, securitisation lobby group pushes for help for non-bank lending institutions
New Zealand gets its chance for some Australian-style bank political theatre
What would constitute a fantastic outcome for BNZ CEO Dan Huggins, ASB CEO Vittoria Shortt on the human toll of having too much debt & other tales from a bank CEO discussion
16th Oct 24, 4:45pm
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What would constitute a fantastic outcome for BNZ CEO Dan Huggins, ASB CEO Vittoria Shortt on the human toll of having too much debt & other tales from a bank CEO discussion
[updated]
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
15th Oct 24, 9:30am
15
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025
10th Oct 24, 11:42am
11
New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025
[updated]
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
10th Oct 24, 9:02am
23
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
[updated]
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
8th Oct 24, 2:39pm
12
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise