deposits
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
ANZ NZ records credit impairment charge of $312 million for first nine months of current financial year, more than treble the sum recorded for its full financial year in 2019
19th Aug 20, 2:31pm
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ANZ NZ records credit impairment charge of $312 million for first nine months of current financial year, more than treble the sum recorded for its full financial year in 2019
ASB's June year profit drops 25% as COVID-19 related loan provisioning ramps up, income falls and expenses rise
12th Aug 20, 10:36am
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ASB's June year profit drops 25% as COVID-19 related loan provisioning ramps up, income falls and expenses rise
Gareth Vaughan on bloated bank balance sheets, a second Keynesian revolution, business owners afraid to ask for help, American mask hysteria redux & Ghosn's escape
7th Aug 20, 10:00am
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Gareth Vaughan on bloated bank balance sheets, a second Keynesian revolution, business owners afraid to ask for help, American mask hysteria redux & Ghosn's escape
Reserve Bank statistics show New Zealanders increased the amount in their bank accounts by $10.6 billion in the four months to the end of June; separately an RBNZ survey shows Kiwis are becoming less worried about losing their jobs
3rd Aug 20, 4:09pm
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Reserve Bank statistics show New Zealanders increased the amount in their bank accounts by $10.6 billion in the four months to the end of June; separately an RBNZ survey shows Kiwis are becoming less worried about losing their jobs
MBIE's Integrity and Enforcement Team probes alleged links between convicted British tax fraudster and NZ financial services companies
28th Jul 20, 8:38am
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MBIE's Integrity and Enforcement Team probes alleged links between convicted British tax fraudster and NZ financial services companies
David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
19th Jul 20, 6:02am
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David Hargreaves hopes the banks won't be too guarded with their lending because of preconceived expectations of what will happen with the economy - rather than just seeing what does happen
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
16th Jul 20, 1:37pm
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New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
15th Jul 20, 1:06pm
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The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
9th Jul 20, 5:00am
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Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
New Reserve Bank figures show that despite plunging interest rates Kiwis put the most money away in term deposits last month for a year
30th Jun 20, 3:28pm
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New Reserve Bank figures show that despite plunging interest rates Kiwis put the most money away in term deposits last month for a year
Macquarie research suggests NZ's major banks have more capacity than their Aussie parents to protect margins if interest rates go negative, by cutting term deposit rates
23rd Jun 20, 9:52am
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Macquarie research suggests NZ's major banks have more capacity than their Aussie parents to protect margins if interest rates go negative, by cutting term deposit rates
Kiwibank CEO Steve Jurkovich says 'flight to safety' has led to a glut of deposits & 'some people are finding it difficult' with low rates. Advises no 'hard stop' on mortgage deferrals
14th Jun 20, 6:02am
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Kiwibank CEO Steve Jurkovich says 'flight to safety' has led to a glut of deposits & 'some people are finding it difficult' with low rates. Advises no 'hard stop' on mortgage deferrals
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
2nd Jun 20, 9:53am
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Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April
29th May 20, 5:57pm
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The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April
RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
28th May 20, 12:02pm
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RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
Westpac NZ half-year net profit tumbles as loan impairments and expenses rise and income falls
4th May 20, 10:32am
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Westpac NZ half-year net profit tumbles as loan impairments and expenses rise and income falls
The Reserve Bank says 21% of all housing loans are now interest only, while the wage subsidy saw household deposits boosted by over $4.5 billion
30th Apr 20, 3:38pm
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The Reserve Bank says 21% of all housing loans are now interest only, while the wage subsidy saw household deposits boosted by over $4.5 billion
ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
30th Apr 20, 10:25am
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ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
BNZ says it has provided home loan support to 21k home loan customers & 17k business customers due to COVID-19; Sees economy contracting by about 9% in 2020 as unemployment pushes 10% and house prices drop by about 10%.
28th Apr 20, 9:59am
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BNZ says it has provided home loan support to 21k home loan customers & 17k business customers due to COVID-19; Sees economy contracting by about 9% in 2020 as unemployment pushes 10% and house prices drop by about 10%.
The Finance Minister says finalising the design of a deposit insurance scheme is a priority, but there's no plan for it to be set up before 2023
17th Apr 20, 1:04pm
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The Finance Minister says finalising the design of a deposit insurance scheme is a priority, but there's no plan for it to be set up before 2023
Government consultation paper probes the cost & size of deposit insurance fund needed in move from an 'uncertain implicit guarantee' to a 'managed explicit guarantee'
5th Apr 20, 6:02am
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Government consultation paper probes the cost & size of deposit insurance fund needed in move from an 'uncertain implicit guarantee' to a 'managed explicit guarantee'
Much still to be finalised in government's development of a deposit insurance scheme, with proposal of products it will cover detailed in consultation paper
3rd Apr 20, 5:00am
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Much still to be finalised in government's development of a deposit insurance scheme, with proposal of products it will cover detailed in consultation paper
Latest Reserve Bank figures show we have been gearing ourselves up with mortgages - but personal borrowing and agricultural debt have reduced
31st Mar 20, 3:37pm
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Latest Reserve Bank figures show we have been gearing ourselves up with mortgages - but personal borrowing and agricultural debt have reduced
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
18th Mar 20, 9:53am
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels