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Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards

Banking
Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards

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2 Comments

Well its going to be interesting to see how much less the IRD earns in tax from a reduced dividend payout , and the requirement to hold more capital

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They can't increase rates because folks are mortgaged to the proverbials. Neither can they decrease rates to gouge savers because they would lose business. Therefore the extra coverage must come out of profits. I rest my case.

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