ASB
Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next
24th Mar 25, 2:42pm
1
Economists don't see the upside surprise to the latest quarterly GDP figures as derailing likely Official Cash Rate cuts in each of the next two RBNZ reviews - but beyond that there's question marks over what comes next
ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain
20th Mar 25, 8:50am
5
ASB trims some home loan rates but these aren't significant or competitive. They also cut most key term deposit rates. The net effect is a margin gain
Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?
15th Mar 25, 9:34am
3
Fintechs, or financial technology companies, are touted as a threat to banks and a way to boost banking competition. But should the big banks be quaking in their boots?
KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning
12th Mar 25, 7:41am
KPMG's annual Financial Institutions Performance Survey notes the 'challenge' of loan provisioning
Big banks are likely to have capital rules loosened as a result of the inquiry into the lack of banking competition
12th Mar 25, 6:00am
2
Big banks are likely to have capital rules loosened as a result of the inquiry into the lack of banking competition
[updated]
Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes
11th Mar 25, 4:52pm
2
Antonia Watson says ANZ NZ doesn't try to hold back interest rate cuts from borrowers via slow post-OCR cut rate changes
Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case
10th Mar 25, 1:57pm
6
Some economists think the departure of Adrian Orr from the Governorship of the RBNZ may signal that New Zealand’s Official Cash Rate now has 'less downside' than would otherwise be the case
Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see
6th Mar 25, 11:29am
16
Lower home loan rate offer changes are in a quiet phase and the background funding environment isn't opening many opportunities for banks to go much lower, meaning the next circuit breaker is hard to see
Andrew Laming urges farm businesses to not get frustrated with access to agri credit. Own your own credit risk and use it to your advantage, he says
26th Feb 25, 9:26am
Andrew Laming urges farm businesses to not get frustrated with access to agri credit. Own your own credit risk and use it to your advantage, he says
More mortgage rate cuts by more banks shifts who has the lowest rates, as banks jockey for position in a very competitive marketplace because new loan growth is quite limited
25th Feb 25, 8:42am
40
More mortgage rate cuts by more banks shifts who has the lowest rates, as banks jockey for position in a very competitive marketplace because new loan growth is quite limited
[updated]
ASB matches the new lower ANZ two year mortgage rates, and launches a low one year fixed rate (although not as low as Kiwibank). Now Westpac has cut too
24th Feb 25, 8:46am
35
ASB matches the new lower ANZ two year mortgage rates, and launches a low one year fixed rate (although not as low as Kiwibank). Now Westpac has cut too
People generally optimistic about house price gains but are less confident than they were a year ago - ASB Housing Confidence Survey
24th Feb 25, 5:00am
26
People generally optimistic about house price gains but are less confident than they were a year ago - ASB Housing Confidence Survey
Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time
19th Feb 25, 2:05pm
56
Banks quick out of the blocks with cuts to floating home loan rates - and they are also cutting savings account rates at the same time
[updated]
TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank
18th Feb 25, 8:43am
13
TSB shines with a pre-RBNZ rate drop for fixed home loan rates, with their one year rate at a market leading level not seen since May 2023 from any other bank
Big tech & fintech should be included, along with banks, Visa and Mastercard in Commerce Commission payments regulation, ASB CEO Vittoria Shortt argues
13th Feb 25, 9:42am
Big tech & fintech should be included, along with banks, Visa and Mastercard in Commerce Commission payments regulation, ASB CEO Vittoria Shortt argues
[updated]
ASB's Vittoria Shortt says the Government should be mindful of signals being sent to potential overseas investors via threats to direct bank lending & implement a windfall profit tax
12th Feb 25, 3:37pm
37
ASB's Vittoria Shortt says the Government should be mindful of signals being sent to potential overseas investors via threats to direct bank lending & implement a windfall profit tax
[updated]
ASB posts profit increase despite big bump up in staff numbers as scam war continues
12th Feb 25, 10:27am
14
ASB posts profit increase despite big bump up in staff numbers as scam war continues
ASB cuts its fixed mortgage rates to market lows, and cuts term deposit rates even harder, in moves much larger than wholesale rate changes
12th Feb 25, 8:29am
109
ASB cuts its fixed mortgage rates to market lows, and cuts term deposit rates even harder, in moves much larger than wholesale rate changes
ASB's Aussie parent CBA has capital coming out its ears. So what might it do with it?
10th Feb 25, 9:34am
ASB's Aussie parent CBA has capital coming out its ears. So what might it do with it?
KiwiSaver funds under management ticked over $121 billion in the December 2024 quarter, according to Morningstar
5th Feb 25, 3:26pm
5
KiwiSaver funds under management ticked over $121 billion in the December 2024 quarter, according to Morningstar
Union provides four recommendations to banking inquiry to fight what it calls 'bankflation'
30th Jan 25, 5:00am
8
Union provides four recommendations to banking inquiry to fight what it calls 'bankflation'
[updated]
Statistics NZ's Selected Price Indexes show moderate price pressures over December, indicating few likely nasty surprises in next week's December quarter inflation figures
16th Jan 25, 11:25am
56
Statistics NZ's Selected Price Indexes show moderate price pressures over December, indicating few likely nasty surprises in next week's December quarter inflation figures
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
15th Jan 25, 9:34am
132
Economists see latest NZIER Quarterly Survey of Business Opinion as clearing the way for a further substantial cut to the Official Cash Rate next month
With all mortgages looking like a commodity, little different between institutions, banks are finding it difficult to win new market share. Those that are, are grinding out their advances slowly over many years
3rd Jan 25, 9:00am
8
With all mortgages looking like a commodity, little different between institutions, banks are finding it difficult to win new market share. Those that are, are grinding out their advances slowly over many years
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
18th Dec 24, 3:11pm
2
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete