Banking competition
Finance Minister Nicola Willis says deregulation and greater competition rules will support economic growth in the New Year
20th Dec 24, 2:45pm
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Finance Minister Nicola Willis says deregulation and greater competition rules will support economic growth in the New Year
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
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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
Kiwibank says it could slash big bank profits by $1.5 billion a year if it is allowed to raise growth capital and compete at scale
18th Dec 24, 12:41pm
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Kiwibank says it could slash big bank profits by $1.5 billion a year if it is allowed to raise growth capital and compete at scale
Federated Farmers asks the Commerce Commission to investigate bank 'cartel-like' climate goals, BNZ tells petrol station owners it won't offer any new loans to the sector
11th Dec 24, 11:58am
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Federated Farmers asks the Commerce Commission to investigate bank 'cartel-like' climate goals, BNZ tells petrol station owners it won't offer any new loans to the sector
Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge
11th Dec 24, 5:00am
Profit tumbles across non-bank lending sector for second consecutive year, KPMG FIPS shows, as funding costs surge
Kiwibank partial private float: Back on track or back to square one?
[updated]
Kiwibank gets green light to raise $500 million from private investors ahead of a possible initial public offering in 2028
9th Dec 24, 5:53pm
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Kiwibank gets green light to raise $500 million from private investors ahead of a possible initial public offering in 2028
Commerce and Consumer Affairs Minister Andrew Bayly wants the Commerce Commission and the Commerce Act better set up for the future
5th Dec 24, 11:02am
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Commerce and Consumer Affairs Minister Andrew Bayly wants the Commerce Commission and the Commerce Act better set up for the future
Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful
4th Dec 24, 10:32am
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Commerce Commission Chairman John Small says 'cordial discussion' with CEO of a bank 'recalcitrant' on open banking proved fruitful
Westpac NZ CEO and Chairwoman quizzed about poor customer satisfaction and controversial returns comparison at parliamentary banking probe
21st Nov 24, 9:16am
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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
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
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
ANZ NZ CEO Antonia Watson says the housing market's 'especially competitive' at the moment, at least in part due to low volumes of new loans
9th Nov 24, 8:45am
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ANZ NZ CEO Antonia Watson says the housing market's 'especially competitive' at the moment, at least in part due to low volumes of new loans
Andrew Laming has more questions for the Parliamentary Banking Inquiry, suggesting rural loan risks don't justify the capital risk weights being used
8th Nov 24, 10:54am
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Andrew Laming has more questions for the Parliamentary Banking Inquiry, suggesting rural loan risks don't justify the capital risk weights being used
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
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'
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
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'
As MPs probe bank competition, Andrew Laming calls for an honest discussion on how capital allocation drivers are set
2nd Nov 24, 7:01am
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As MPs probe bank competition, Andrew Laming calls for an honest discussion on how capital allocation drivers are set
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
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
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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
Whilst the push for greater bank competition is good news, it may also come with increased risk
28th Oct 24, 6:00am
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Whilst the push for greater bank competition is good news, it may also come with increased risk
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