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Bank profits

Harmoney sees $12b opportunity

P2P lender excited by opportunity given NZ banks 'have margins between borrowing and retailing that you can drive a truck through'

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

Bank shareholder returns rise

Shareholder returns rise at NZ banks in March quarter, but most still well below 2008 levels

NZ big bank profits at top of pack

Big 4 NZ banks more profitable than counterparts from 11 other OECD countries on a pre-tax basis, again

Co-op Bank increases rebates 30%

Updated
The Co-operative Bank to pay out $1.3m in annual rebates to 72% of customers at between $7 and $100 per account, as it brings its co-operative 'alive'

Co-op Bank annual profit up 24%

Updated
The Co-operative Bank records solid profit growth as impairments drop, lending grows, aims to double business in 5 years

SBS profit lifted by drop in loan impairments

Outgoing SBS boss Ross Smith sees successor bringing IT & marketing skills to the job; Ex-finance company boss to take helm at Invercargill-based mutual

Heartland sticks to profit forecasts

Legacy property portfolio selling faster than expected, Heartland Bank says, but no upgrade to 2014 or 2015 profit forecasts

Big profit gains at NZ units of big banks

Picture improves for the NZ units of global investment banking giants Citibank, Deutsche Bank and JP Morgan Chase

Big 4 banks' dividends rising

NZ's big 4 Aussie owned banks have paid more in dividends year to date than in full year last year, but lower percentage of cash profit than parents