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A resurgence in property prices means LVR ‘speed limits’ are like to stay in place, Standard & Poor’s says in a …
Read More »Tag Archives: Banks
Banks relieved as RBNZ drops ‘5-plus’ test for home loans
The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that …
Read More »ANZ Bank agrees to $19M settlement over sale of interest rate swaps to farmers
ANZ Bank New Zealand has agreed to a $19 million settlement with the Commerce Commission after an investigation into the …
Read More »Westpac NZ margins squeezed by shift to fixed rate mortgages, increased rivalry
The switch from floating to fixed interest rates mortgages has impacted Westpac New Zealand’s net interest margin,which fell six basis …
Read More »Westpac, Kiwibank lead earnings growth among banks in June quarter
Westpac Banking Corp and Kiwibank led earnings growth among New Zealand’s banks in the second quarter, as increased lending and wider …
Read More »ASB Bank FY13 profit rises 12 percent as wealth, insurance unit grows, costs contained
ASB Bank, the New Zealand unit of Commonwealth Bank of Australia, boosted full-year cash profit 12 percent as it grew …
Read More »Westpac NZ tones down risky home lending amid growing volatility in Auckland house prices
Westpac New Zealand has pulled back on its level of mortgage lending where it wears the bulk of the risk, …
Read More »ANZ offers farm drought relief package
ANZ Bank announced an assistance package to help drought-affected farmers get through the Big Dry. Parts of Northland have had …
Read More »ANZ increases NZ footprint ahead of National Bank brand change
ANZ Banking Group, New Zealand’s biggest bank, increased gross loans and advances by more than any of its main banking …
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