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Bank profits

ANZ NZ net interest margin drops

June quarter unaudited profit up 4% at ANZ NZ, with both net interest margins and operating income down

ANZ NZ 9-month profit up 21%

Updated
ANZ group says NZ home lending, commercial lending and credit card market share up in the 9 months to June; Home loans up 1.2% in June quarter

ASB going gangbusters

Updated
ASB annual net profit rises 14% to record high of NZ$806 mln; Net interest margin growth strong, cost to income ratio falls, dividends rise

Heartland expects $36m annual profit

Heartland Bank sees annual profit near the top of its previously forecast range, eyeing acquisitions and capital management options

Blockbuster CBA results expected

ASB's parent CBA expected to post rise in annual profit, dividends and return on equity with comments on capital to be watched closely

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'