Banking
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
21st Nov 24, 9:16am
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
20th Nov 24, 1:00pm
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The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
20th Nov 24, 7:42am
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Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
Analysts cite Westpac NZ's pre-provision operating profit growth as key standout in big bank reporting season
19th Nov 24, 9:10am
Analysts cite Westpac NZ's pre-provision operating profit growth as key standout in big bank reporting season
The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
16th Nov 24, 6:52am
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The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
S&P Global Ratings sees more of the same from New Zealand's big four banks
Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain
13th Nov 24, 7:23pm
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Kookmin Bank leaving New Zealand following a strategic review, says continued business operations in NZ were uncertain
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
13th Nov 24, 3:53pm
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
Banks face competition from smaller businesses focused on specific niches and global tech behemoths, ASB bosses say
13th Nov 24, 12:47pm
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Banks face competition from smaller businesses focused on specific niches and global tech behemoths, ASB bosses say
Big banks' dividend and capital surges year-on-year despite softer profits for three of four
13th Nov 24, 9:46am
Big banks' dividend and capital surges year-on-year despite softer profits for three of four
ANZ NZ CEO Antonia Watson open to growing business and rural lending as a percentage of total lending but doesn't expect significant change
11th Nov 24, 9:58am
ANZ NZ CEO Antonia Watson open to growing business and rural lending as a percentage of total lending but doesn't expect significant change
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
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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
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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
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ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates