Bank profits
Against the backdrop of a possible Commerce Commission probe into banking competition, Gareth Vaughan looks at how the actions & inactions of NZ authorities have helped maintain the dominance of the big four banks
8th Mar 23, 11:59am
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Against the backdrop of a possible Commerce Commission probe into banking competition, Gareth Vaughan looks at how the actions & inactions of NZ authorities have helped maintain the dominance of the big four banks
NZ bank profit probe by Commerce Commission would be a good start: Shamubeel Eaqub
3rd Mar 23, 12:04pm
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NZ bank profit probe by Commerce Commission would be a good start: Shamubeel Eaqub
In contrast to ASB and Kiwibank, Heartland Group Holdings posts a drop in net interest margin
1st Mar 23, 7:51am
In contrast to ASB and Kiwibank, Heartland Group Holdings posts a drop in net interest margin
Kiwibank CEO Steve Jurkovich says record first-half profit won't be repeated in second-half of bank's financial year as MP raises idea of bank levy
23rd Feb 23, 1:10pm
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Kiwibank CEO Steve Jurkovich says record first-half profit won't be repeated in second-half of bank's financial year as MP raises idea of bank levy
[updated]
Jump in net interest income pushes Kiwibank's half-year profit to almost $100 million
23rd Feb 23, 9:22am
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Jump in net interest income pushes Kiwibank's half-year profit to almost $100 million
Cautious outlook of ASB's parent Commonwealth Bank of Australia highlighted in analysts' results reviews
17th Feb 23, 10:15am
Cautious outlook of ASB's parent Commonwealth Bank of Australia highlighted in analysts' results reviews
CEO Vittoria Shortt says ASB's assisting customers by 'passing on pricing movements faster and in greater quantum' on term deposits than loans
16th Feb 23, 12:04pm
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CEO Vittoria Shortt says ASB's assisting customers by 'passing on pricing movements faster and in greater quantum' on term deposits than loans
[updated]
ASB interim profit jumps 10% to fresh record high as it highlights 'challenging' year for home loan customers
15th Feb 23, 10:50am
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ASB interim profit jumps 10% to fresh record high as it highlights 'challenging' year for home loan customers
The Aussie parents of NZ's big four banks have billions of reasons to cheer the removal of RBNZ dividend restrictions
30th Nov 22, 5:00am
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The Aussie parents of NZ's big four banks have billions of reasons to cheer the removal of RBNZ dividend restrictions
Do banks really make too much profit? And what would we gain if they made less? What would we lose?
12th Nov 22, 8:53am
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Do banks really make too much profit? And what would we gain if they made less? What would we lose?
CEO Dan Huggins says BNZ's conservative approach to housing lending means borrowers are handling mortgage rate increases well so far
10th Nov 22, 7:52am
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CEO Dan Huggins says BNZ's conservative approach to housing lending means borrowers are handling mortgage rate increases well so far
[updated]
BNZ annual profit tops $1.4 billion as income, lending and net interest margins rise. Completes quadruple of record annual profit for big 4 banks
9th Nov 22, 10:38am
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BNZ annual profit tops $1.4 billion as income, lending and net interest margins rise. Completes quadruple of record annual profit for big 4 banks
PM says banks not demonstrating 'social license' by repeatedly making very high profits, but does not have policy options; instead says banks 'should take a long hard look at themselves'
7th Nov 22, 6:11pm
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PM says banks not demonstrating 'social license' by repeatedly making very high profits, but does not have policy options; instead says banks 'should take a long hard look at themselves'
[updated]
Westpac NZ annual profit tops $1 billion helped by gain from sale of Westpac Life & impairment write-backs
7th Nov 22, 10:25am
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Westpac NZ annual profit tops $1 billion helped by gain from sale of Westpac Life & impairment write-backs
[updated]
ANZ NZ annual profit surges 20% boosted by rising income and hedging gains
Eyes on net interest margins as ANZ, Westpac and NAB/BNZ annual results swing into focus
26th Oct 22, 8:00am
Eyes on net interest margins as ANZ, Westpac and NAB/BNZ annual results swing into focus
Housing lending down, business lending up as a percentage of total bank lending as net interest margins rise, latest KPMG FIPS quarterly shows
21st Sep 22, 12:06pm
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Housing lending down, business lending up as a percentage of total bank lending as net interest margins rise, latest KPMG FIPS quarterly shows
David Hargreaves wonders what the proposed endgame is after the Government takes full direct control of Kiwibank
7th Sep 22, 2:42pm
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David Hargreaves wonders what the proposed endgame is after the Government takes full direct control of Kiwibank
Major banks deliver a strong quarterly financial performance, just for a change
26th Aug 22, 11:16am
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Major banks deliver a strong quarterly financial performance, just for a change
Heartland Group Holdings is continuing to build its strong position in reverse mortgages on both side of the Tasman - but it's also making rapid progress with conventional mortgages too
24th Aug 22, 12:13pm
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Heartland Group Holdings is continuing to build its strong position in reverse mortgages on both side of the Tasman - but it's also making rapid progress with conventional mortgages too
Heartland Group Holdings sees net profits rise 9.3% for the full year; Capital raising of $200 mln is to repay bridging loan and to fund future growth
23rd Aug 22, 9:42am
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Heartland Group Holdings sees net profits rise 9.3% for the full year; Capital raising of $200 mln is to repay bridging loan and to fund future growth
Crown to buy out NZ Super, NZ Post and ACC in a transaction that values Kiwibank's parent company at $2.1 billion; NZ Super had wanted option of private sector investment in the bank
22nd Aug 22, 8:00am
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Crown to buy out NZ Super, NZ Post and ACC in a transaction that values Kiwibank's parent company at $2.1 billion; NZ Super had wanted option of private sector investment in the bank
[updated]
Kiwibank annual profit rises 4% as net interest income grows strongly and lending grows faster than overall market growth
18th Aug 22, 9:18am
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Kiwibank annual profit rises 4% as net interest income grows strongly and lending grows faster than overall market growth
[updated]
ASB June year profit pushes towards $1.5 billion, CEO Vittoria Shortt says affordable lending principles working in rising interest rate environment
10th Aug 22, 10:48am
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ASB June year profit pushes towards $1.5 billion, CEO Vittoria Shortt says affordable lending principles working in rising interest rate environment
Bernard Hickey asks why the Reserve Bank is still encouraging banks to lend cheaply and subsidising their profits at the same time as trying to slow the economy?
14th Jul 22, 4:38pm
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Bernard Hickey asks why the Reserve Bank is still encouraging banks to lend cheaply and subsidising their profits at the same time as trying to slow the economy?