Bank profits
Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition
10th Aug 23, 10:52am
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Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition
Past due & impaired loans on the rise at ASB as Aussie parent CBA highlights NZ mortgage impairments
ASB CEO Vittoria Shortt highlights 200 struggling mortgage borrowers as loan impairments & provisions rise
10th Aug 23, 10:09am
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ASB CEO Vittoria Shortt highlights 200 struggling mortgage borrowers as loan impairments & provisions rise
[updated]
ASB June-year profit reaches $1.559 billion as net interest margin rises
Why Treasury told the Government it could, but shouldn't, grab a slice of big bank profits via a levy or tax top-up
18th Jul 23, 9:00am
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Why Treasury told the Government it could, but shouldn't, grab a slice of big bank profits via a levy or tax top-up
KPMG's latest quarterly look at banks' financials highlights a significant step up in impaired asset expenses
29th Jun 23, 7:40am
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KPMG's latest quarterly look at banks' financials highlights a significant step up in impaired asset expenses
TSB chief Donna Cooper is departing from the role less than a week after the bank reported a 48% drop in profits
27th Jun 23, 9:09am
TSB chief Donna Cooper is departing from the role less than a week after the bank reported a 48% drop in profits
TSB's annual profit falls 48% with surge in expenses, including provisions, outweighing rising income
22nd Jun 23, 9:36am
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TSB's annual profit falls 48% with surge in expenses, including provisions, outweighing rising income
Commerce Commission already contacting NZ's big four banks as chairman warns market studies are 'no quick fix'
21st Jun 23, 3:16pm
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Commerce Commission already contacting NZ's big four banks as chairman warns market studies are 'no quick fix'
[updated]
Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway
20th Jun 23, 12:30pm
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Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway
Button set to be pushed on market study into the banking industry on Tuesday
As HSBC quits NZ retail banking, CEO Mark Wilkshire says The Co-operative Bank is an option for its customers
14th Jun 23, 1:27pm
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As HSBC quits NZ retail banking, CEO Mark Wilkshire says The Co-operative Bank is an option for its customers
Annual lending at SBS Bank's Finance Now surges, with car loans leading the way
31st May 23, 9:48am
Annual lending at SBS Bank's Finance Now surges, with car loans leading the way
ANZ Banking Group CEO Shayne Elliott says Australia's mortgage and deposit markets more competitive than NZ in rising interest rate environment
9th May 23, 5:57pm
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ANZ Banking Group CEO Shayne Elliott says Australia's mortgage and deposit markets more competitive than NZ in rising interest rate environment
Commerce Minister Duncan Webb says bank profits are top of mind when considering the next market study, but no decision has been made yet
9th May 23, 5:52pm
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Commerce Minister Duncan Webb says bank profits are top of mind when considering the next market study, but no decision has been made yet
[updated]
Half-year profit drops for Westpac NZ as bank warns of worsening economic outlook
8th May 23, 10:15am
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Half-year profit drops for Westpac NZ as bank warns of worsening economic outlook
[updated]
ANZ NZ's half-year profit falls despite strong rise in income, led by net interest income, and lower expenses
5th May 23, 10:05am
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ANZ NZ's half-year profit falls despite strong rise in income, led by net interest income, and lower expenses
[updated]
BNZ half-year profit tops $800 million as net interest margin jumps, with CEO saying bank well placed to support customers finding things tough
4th May 23, 10:18am
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BNZ half-year profit tops $800 million as net interest margin jumps, with CEO saying bank well placed to support customers finding things tough
Reserve Bank says the high level of NZ bank profitability means they're well positioned to support customers in tougher times
3rd May 23, 11:06am
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Reserve Bank says the high level of NZ bank profitability means they're well positioned to support customers in tougher times
KPMG suggests ongoing record bank profits could be a thing of the past, at least for now
20th Apr 23, 8:42am
KPMG suggests ongoing record bank profits could be a thing of the past, at least for now
NZ's big banks may be 'fat, dumb and happy with an apathetic, stable customer base.' But what does that mean for competition?
29th Mar 23, 3:44pm
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NZ's big banks may be 'fat, dumb and happy with an apathetic, stable customer base.' But what does that mean for competition?
Is the tide turning on big banks' use of a profit metric that's 'a creature of bank management's own creativity?'
29th Mar 23, 7:50am
Is the tide turning on big banks' use of a profit metric that's 'a creature of bank management's own creativity?'
[updated]
Bank workers' union wants 5% levy on the profits of New Zealand's big four Australian-owned banks
21st Mar 23, 10:34am
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Bank workers' union wants 5% levy on the profits of New Zealand's big four Australian-owned banks
Rising bank profits highlight tensions between competition watchdogs and central banks
17th Mar 23, 9:16am
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Rising bank profits highlight tensions between competition watchdogs and central banks
Co-operative Bank sees nothing to fear in taking on the big Australian banks
KPMG's annual banking sector review showing profits topping $7 billion likely to add to calls for bank competition probe
14th Mar 23, 5:00am
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KPMG's annual banking sector review showing profits topping $7 billion likely to add to calls for bank competition probe