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bank funding costs

Record annual profit for BNZ

Updated
BNZ annual net profit after tax up 22% to $850 mln; CEO Anthony Healy sees momentum continuing into new year; Mortgage marketshare rises

'Funding conditions still broadly favourable'

Big banks make good use of favourable wholesale funding conditions

'You are going to see monetary policy working'

RBNZ Governor says the rising OCR will hit borrowers in their pockets given the short duration of NZ home loans; Says OCR still 100 basis points below a neutral level

ASB closes margin gap

Growth in rural, commercial and corporate lending helps ASB drag its net interest margins up to match major rivals

Banks growing assets faster than GDP

Banks' total assets push to new record high, return on equity rising, funding costs falling, but interest margins under pressure, KPMG survey shows

New law helps Westpac covered bond

Covered bond law passed by Parliament in December boosted pricing and demand for Westpac's covered bond issue, treasurer says

Big Westpac NZ covered bond issue

Westpac borrows €750 mln (about NZ$1.2 bln) in five-year covered bond issue after strong investor demand

Bank funding nirvana

RBNZ highlights good times continuing to roll for banks on funding front; Not such good news for depositors

'No smoking gun from Mrs Watanabe'

RBNZ sees impact of Christchurch insurance related payouts on term deposits wearing off with banks likely to require more offshore funding

ASB raises $400 mln

ASB borrows $400 mln at 6.65% in 'complex' 10-year debt issue