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Bank profits

ASB's high LVR lending jumps

ASB grows home loans by $1.7b over two quarters with $1.4b, or 84%, coming in lending where the borrower has deposit/equity worth less than 20% of the loan

'NZ economy recovering' - CBA

Parent Commonwealth Bank of Australia says the pace of ASB's residential mortgage & business lending growth remained above overall market growth in the March quarter

Big 4 banks' interim cash profit up 6%

Updated
BNZ interim profit drops 15% to $298m as expenses & impairments rise; Deposit growth of 5% outstrips 2% lending growth; Has NZ$22.5m KiwiSaver funds under management

ANZ NZ's three key challenges

Analysts at UBS point to key challenges facing ANZ NZ, say it's 'very profitable' but question whether this is sustainable

Record half-year profit for Westpac

Updated
Westpac NZ interim cash earnings up 7% as impairment charges on bad loans fall; Deposits up 7%, loans up 1%; Aussie parent pays special dividend

Record interim profit for ANZ NZ

Updated
ANZ NZ posts interim profit of NZ$655 mln as it cuts costs & provisions for bad loans fall; Lending up 1% deposits up 4%, Net interest margin down 10 basis points

ANZ 'should lift payout ratio'

Deutsche Bank analysts say ANZ is being penalised for its lower-than-peer dividend payout ratio; Could sustain ratio of as much as 81% compared with current 65%

Big 4 banks in a 'sweet spot'

Australasia's big 4 banks expected to post combined 5% rise in half-year cash profit to A$13.22 billion, (about NZ$16 billion)

ANZ most at threat from new RBNZ tools

Loan to value ratio caps and increased sectoral capital requirements seen as the biggest threats to bank profitability out of the RBNZ's macro-prudential tools

TSB December quarter profit up 5%

TSB Bank grows deposits by almost twice the pace of lending in the December quarter