ASB
What recession? New Zealand is still adding jobs, Statistics NZ's March employment indicator shows
28th Apr 23, 1:29pm
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What recession? New Zealand is still adding jobs, Statistics NZ's March employment indicator shows
The Icehouse calls for the Government's proposed Business Growth Fund to seek SME equity investment from beyond just banks
26th Apr 23, 7:04am
The Icehouse calls for the Government's proposed Business Growth Fund to seek SME equity investment from beyond just banks
Banks say many of their borrowers are ahead of schedule on home loan repayments but tougher times are ahead
25th Apr 23, 9:00am
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Banks say many of their borrowers are ahead of schedule on home loan repayments but tougher times are ahead
Slow progress continues on government's plans for a Business Growth Fund partnership with banks to invest in SMEs
24th Apr 23, 9:33am
Slow progress continues on government's plans for a Business Growth Fund partnership with banks to invest in SMEs
Co-operative Bank, TSB top, Westpac bottom in Consumer NZ satisfaction survey
[updated]
ASB makes home loan and term deposit changes, but leaves its floating mortgage rate unchanged. The timid changes reflect a timid housing loan market
19th Apr 23, 9:34am
4
ASB makes home loan and term deposit changes, but leaves its floating mortgage rate unchanged. The timid changes reflect a timid housing loan market
Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
14th Apr 23, 12:50pm
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Term deposit rate increases are starting to filter through although they are limp new offers with banks falling further behind the OCR policy signals
[updated]
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
13th Apr 23, 4:27pm
35
First ANZ and now Westpac have moved up on many home loan rates following the OCR hike - but Westpac has cut some longer fixed rates, and quite hard
Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
8th Apr 23, 9:15am
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Big banks' mortgage serviceability test rates now start at 8.5% and rise above 9%
NZ's big banks may be 'fat, dumb and happy with an apathetic, stable customer base.' But what does that mean for competition?
29th Mar 23, 3:44pm
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NZ's big banks may be 'fat, dumb and happy with an apathetic, stable customer base.' But what does that mean for competition?
ASB follows rivals with mortgage rate cuts in a home loan market walking on eggshells, one that hasn't fired any shots in a season dominated by low real estate sales transaction levels
20th Mar 23, 9:18am
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ASB follows rivals with mortgage rate cuts in a home loan market walking on eggshells, one that hasn't fired any shots in a season dominated by low real estate sales transaction levels
Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums
16th Mar 23, 12:17pm
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Bank term deposit rate offers have shrunk from the start of 2022 in relation to the OCR and the latest increases don't restore those premiums
Co-operative Bank sees nothing to fear in taking on the big Australian banks
KPMG's annual banking sector review showing profits topping $7 billion likely to add to calls for bank competition probe
14th Mar 23, 5:00am
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KPMG's annual banking sector review showing profits topping $7 billion likely to add to calls for bank competition probe
NZ bank profit probe by Commerce Commission would be a good start: Shamubeel Eaqub
3rd Mar 23, 12:04pm
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NZ bank profit probe by Commerce Commission would be a good start: Shamubeel Eaqub
Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers
25th Feb 23, 9:04am
17
Days have passed since the last +50 bps RBNZ rate hike, but no banks have changed retail rates yet, for either home loans or term deposits. And this is despite Adrian Orr calling out the banks over low rates for savers
Cautious outlook of ASB's parent Commonwealth Bank of Australia highlighted in analysts' results reviews
17th Feb 23, 10:15am
Cautious outlook of ASB's parent Commonwealth Bank of Australia highlighted in analysts' results reviews
CEO Vittoria Shortt says ASB's assisting customers by 'passing on pricing movements faster and in greater quantum' on term deposits than loans
16th Feb 23, 12:04pm
9
CEO Vittoria Shortt says ASB's assisting customers by 'passing on pricing movements faster and in greater quantum' on term deposits than loans
[updated]
ASB interim profit jumps 10% to fresh record high as it highlights 'challenging' year for home loan customers
15th Feb 23, 10:50am
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ASB interim profit jumps 10% to fresh record high as it highlights 'challenging' year for home loan customers
Stats NZ says food prices were up 10.3% in the year to January 2023 - which is down on the 32-year high increase of 11.3% seen as at December
14th Feb 23, 11:08am
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Stats NZ says food prices were up 10.3% in the year to January 2023 - which is down on the 32-year high increase of 11.3% seen as at December
BNZ returns with more home loan rate reductions, a day after their first set of changes. These come as wholesale markets shift their bets to lower levels, mainly on international influences
3rd Feb 23, 9:43am
28
BNZ returns with more home loan rate reductions, a day after their first set of changes. These come as wholesale markets shift their bets to lower levels, mainly on international influences
ANZ and BNZ both change fixed mortgage rates, embedding inverted offerings into their rate cards as wholesale rates shift lower
2nd Feb 23, 8:02am
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ANZ and BNZ both change fixed mortgage rates, embedding inverted offerings into their rate cards as wholesale rates shift lower
[updated]
Statistics New Zealand says the unemployment rate has risen to 3.4% from 3.3%; it was widely expected to fall; private sector hourly wage growth has slowed to 8.1% from 8.6% when it was expected to rise: BNZ economists change OCR call
1st Feb 23, 11:01am
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Statistics New Zealand says the unemployment rate has risen to 3.4% from 3.3%; it was widely expected to fall; private sector hourly wage growth has slowed to 8.1% from 8.6% when it was expected to rise: BNZ economists change OCR call
Westpac has reacted to ASB's shift to an inverted mortgage rate card. They too have inverted, and matched ASB at the long end
26th Jan 23, 5:51pm
21
Westpac has reacted to ASB's shift to an inverted mortgage rate card. They too have inverted, and matched ASB at the long end
Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go
25th Jan 23, 4:12pm
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Bank economists are now suggesting the Reserve Bank should dial back its intentions on how far and high the Official Cash Rate will go