bank funding costs
Don't hold your breath if you're waiting for floating mortgage rate cuts from the big four banks. But do haggle with 'em if you want a lower rate
25th Jan 21, 10:48am
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Don't hold your breath if you're waiting for floating mortgage rate cuts from the big four banks. But do haggle with 'em if you want a lower rate
Reserve Bank provides details of its Funding for Lending Programme, which will launch next Monday, December 7 offering banks cheap, three-year funding
1st Dec 20, 2:50pm
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Reserve Bank provides details of its Funding for Lending Programme, which will launch next Monday, December 7 offering banks cheap, three-year funding
With the Reserve Bank's Funding for Lending Programme set to offer banks very cheap funding, there's plenty of scope for banks to cut floating mortgage rates, Kiwibank's economists argue
17th Nov 20, 9:00am
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With the Reserve Bank's Funding for Lending Programme set to offer banks very cheap funding, there's plenty of scope for banks to cut floating mortgage rates, Kiwibank's economists argue
RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
13th Nov 20, 10:31am
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RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
ANZ, ASB, BNZ and Westpac's advertised floating, or variable, borrowing rates unmoved so far since Kiwibank's 100 basis points rate cut
18th Jun 20, 2:16pm
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ANZ, ASB, BNZ and Westpac's advertised floating, or variable, borrowing rates unmoved so far since Kiwibank's 100 basis points rate cut
Brian Fallow provides a timely reminder that NZ banks are reliant on imported credit, the flip side of NZ households’ collective tendency to spend more than their income
29th May 20, 9:01am
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Brian Fallow provides a timely reminder that NZ banks are reliant on imported credit, the flip side of NZ households’ collective tendency to spend more than their income
S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
8th Apr 20, 5:20pm
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S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
8th Apr 20, 7:58am
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Fitch downgrades ANZ NZ, ASB, BNZ and Westpac NZ credit ratings by one notch alongside those of their Aussie parents and gives new ratings a negative outlook
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
1st Apr 20, 8:35am
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S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
20th Mar 20, 1:22pm
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RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
KPMG's annual Financial Institutions Performance Survey for the banking sector shows times got a bit tougher in 2019, albeit from a very high base
19th Feb 20, 7:39am
KPMG's annual Financial Institutions Performance Survey for the banking sector shows times got a bit tougher in 2019, albeit from a very high base
Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards
20th Dec 19, 7:34am
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Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards
S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment
23rd Sep 19, 9:55am
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S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment
Kiwibank five-year bond issue brings in $400 million to help fund the bank's lending as chunky bond issues from big New Zealand banks continue
13th Sep 19, 1:26pm
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Kiwibank five-year bond issue brings in $400 million to help fund the bank's lending as chunky bond issues from big New Zealand banks continue
CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits
16th Aug 19, 9:25am
CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
14th Aug 19, 9:32am
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ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
ASB has opened a bond offer, notionally seeking $100 mln, but with 'unlimited' oversubscriptions; Westpac NZ recently took a stunning $900 mln through the same tactics
13th Aug 19, 11:51am
ASB has opened a bond offer, notionally seeking $100 mln, but with 'unlimited' oversubscriptions; Westpac NZ recently took a stunning $900 mln through the same tactics
Gareth Vaughan says Westpac NZ's mammoth NZ$900 million five-year bond issue paying investors just 2.22% pa highlights expectations of even lower interest rates
26th Jul 19, 9:51am
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Gareth Vaughan says Westpac NZ's mammoth NZ$900 million five-year bond issue paying investors just 2.22% pa highlights expectations of even lower interest rates
Westpac NZ has made one of this country's largest ever non-government debt issues, raising NZ$900 mln for an offer that was notionally seeking NZ$100 mln
24th Jul 19, 1:59pm
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Westpac NZ has made one of this country's largest ever non-government debt issues, raising NZ$900 mln for an offer that was notionally seeking NZ$100 mln
KPMG's head of banking and finance John Kensington wonders whether the growing trend of young Kiwis using Kiwisaver for a home deposit is just 'pushing the problem of retirement affordability down the track' for future generations
11th Jul 19, 9:43am
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KPMG's head of banking and finance John Kensington wonders whether the growing trend of young Kiwis using Kiwisaver for a home deposit is just 'pushing the problem of retirement affordability down the track' for future generations
Gareth Vaughan questions whether banks' floating mortgage interest rates can be justified in a low interest rate world
30th Apr 19, 5:05pm
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Gareth Vaughan questions whether banks' floating mortgage interest rates can be justified in a low interest rate world
Ratings agency S&P Global says while the global economy is more leveraged that it was at the time of the GFC the likelihood of a widespread investor exodus is contained
14th Mar 19, 9:52am
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Ratings agency S&P Global says while the global economy is more leveraged that it was at the time of the GFC the likelihood of a widespread investor exodus is contained
RBNZ: Monetary policy could be used to stimulate economy as proposed bank capital rules are bedded in, but economic effects of these rules should be minimal
13th Feb 19, 2:57pm
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RBNZ: Monetary policy could be used to stimulate economy as proposed bank capital rules are bedded in, but economic effects of these rules should be minimal
A big Aussie-owned bank sneaks in a term deposit rate cut, setting some of its rate offers below its main rivals. We review what is behind the move and how bank margins are tracking
13th Feb 19, 11:30am
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A big Aussie-owned bank sneaks in a term deposit rate cut, setting some of its rate offers below its main rivals. We review what is behind the move and how bank margins are tracking
New Zealand banks are making hay while the sun shines but KPMG argues they're heading into some of their most challenging times ever
13th Feb 19, 9:36am
New Zealand banks are making hay while the sun shines but KPMG argues they're heading into some of their most challenging times ever