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Banks launch funding scheme for leaky units

Banks launch an escrow-based scheme to manage payment of repairs to leaky multi-unit complexes

Another spring mortgage rate reduction

Kiwibank slices 20 bps off its standard one year fixed home loan rate, reducing it to 5.79%

'Kiwibank must be supported'

NZ First calls for 'urgent action' to develop New Zealand owned and operated banks

Rabobank top of the pops again

Rabobank comes in first in Roy Morgan's financial services sector customer satisfaction survey for 2nd straight month

ANZ talks fees

Each lender is unique so there can't be a 'one size fits all' approach to whether fees are reasonable, ANZ says

SBS Bank reclaims market leading position

Two days out from the next RBNZ OCR review, SBS Bank cuts its three year mortgage rate to 5.89%, the lowest in more than a year

New low 4 and 5 year 'specials'

Kiwibank to offer market leading four and five year mortgage rates; all new lending above $100K qualifies for the $2,500 voucher incentive

Kiwibank grows credit card marketshare

Helped by Air NZ airports cards, Kiwibank grows credit card marketshare by 40 basis points

Kiwibank's cost to income surge

Kiwibank June quarter cost to income ratio & net interest margins rise as home loan book grows at higher percentage than main rivals

Kiwibank boss promises dividends

Kiwibank CEO sees dividend payments within 3 years as annual profit rises 3% to $100m boosted by higher net interest margin & release of bad debt provisions