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Banks

Westpac grows mortgages with LVRs below 80%

Westpac grows March quarter home loans by NZ$571 mln with 92% of growth coming through loans with LVRs below 80%

Big bank brother is watching you

Both Westpac & ASB tracking customers' use of their websites to find cross-selling opportunities

Kiwibank's capital buffers may prove 'too thin'

Kiwibank credit rating affirmed at AA but Fitch cautions on increasing competition & weaker capital position than rivals against backdrop of 'rapidly rising' house prices

RBNZ goes with banks' 'preferred' LVR cap approach

RBNZ chooses 'speed limits' to contain banks' high LVR loans rather than outright caps on high LVR lending; Says it has no mandate to improve housing affordability

Kiwibank avoids 'peripheral offers', for now

Kiwibank says 'peripheral' gifts given by banks to entice borrowers don't work, but won't rule out joining the give-away party

RBNZ gets new tools to combat credit booms

Finance Minister Bill English says RBNZ Governor Graeme Wheeler will decide if, and when, to use new tools designed to dampen excessive growth in credit and asset prices

'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

Fries with that?

Banks shift the fight for new mortgage business away from 'low rates' to up-front incentive offers

How the RBNZ's OBR might work

If a bank failed and the Open Bank Resolution Policy was implemented, how would it affect bank depositors, bondholders and shareholders?

RBNZ warned of 'unintended consequences'

BNZ CEO Andrew Thorburn questions whether the big banks holding more capital against home loans where borrowers have under 20% equity will address key housing market problems