ASB
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
4th Sep 23, 9:51am
6
Another main bank, ASB, now offers 6% for term deposits of 1-year, joining Kiwibank. ASB also becomes first bank to raise key 2-year home loan rate above 7%
Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
31st Aug 23, 2:21pm
19
Six percent term deposit offers are more common now with 11 banks offering them. But Kiwibank is the first main bank offering 6% for a 1 year commitment. Some savers can enhance those returns by using PIEs
Credit rating agency S&P says Commerce Commission competition probe won't materially affect the major banks' market positions or profitability
31st Aug 23, 1:45pm
1
Credit rating agency S&P says Commerce Commission competition probe won't materially affect the major banks' market positions or profitability
'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
29th Aug 23, 11:37am
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'We see quarterly economic activity flitting between small positives and negatives over the remainder of 2023. In per capita terms the economic downturn will be much more pronounced' - ASB economists
Significant June quarter increase in non-performing housing loan volumes for ANZ NZ and ASB
29th Aug 23, 9:14am
Significant June quarter increase in non-performing housing loan volumes for ANZ NZ and ASB
Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
24th Aug 23, 5:13pm
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Westpac joins ASB and ANZ with higher fixed home loan rates. It also raises term deposit rates. With the majors mostly falling into line with the ASB-led hiking, all eyes will now turn to BNZ and Kiwibank
[updated]
Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
23rd Aug 23, 11:28am
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Stats NZ figures show that retail sales volumes have fallen for a third quarter in a row, with figures only propped up somewhat by a surge in motor vehicle sales to beat changes to the Clean Car Discount Scheme
We have to make it harder for scammers, but the battle against fraudsters won't be won with one change: Janine Starks
23rd Aug 23, 11:10am
5
We have to make it harder for scammers, but the battle against fraudsters won't be won with one change: Janine Starks
A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
22nd Aug 23, 7:04pm
50
A major bank offers 6% for a term deposit, as ANZ raises some key rates and adopts that rate for an 18-month term
ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
22nd Aug 23, 7:04pm
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ASB opened the door, and the first to walk through it is ANZ with an even steeper set of fixed home loan rate increases
ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
21st Aug 23, 9:02am
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ASB heeds their owner's boss, raising home loan rates in unseasonal drive to protect profits. But SBS Bank strikes with a very competitive sub-6% three year rate
Pricing of NZ mortgage interest rates 'difficult to reconcile' and offers 'unsustainable returns', says CEO of ASB's Aussie parent bank CBA
20th Aug 23, 6:00am
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Pricing of NZ mortgage interest rates 'difficult to reconcile' and offers 'unsustainable returns', says CEO of ASB's Aussie parent bank CBA
[updated]
Parliamentary committee recommends NZ investigate scheme to get banks paying scam victims back
18th Aug 23, 3:32pm
Parliamentary committee recommends NZ investigate scheme to get banks paying scam victims back
Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time
16th Aug 23, 2:18pm
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Reserve Bank leaves Official Cash Rate unchanged at 5.50% but says interest rates need to remain at a restrictive level for some time
ASB economist Nat Keall says the global dairy market is well supplied in the near-term, 'and it is difficult to see a catalyst for much strengthening in demand'
16th Aug 23, 12:47pm
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ASB economist Nat Keall says the global dairy market is well supplied in the near-term, 'and it is difficult to see a catalyst for much strengthening in demand'
Govt's proposed Business Growth Fund partnership with banks to invest in SMEs idling in the slow lane
16th Aug 23, 5:00am
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Govt's proposed Business Growth Fund partnership with banks to invest in SMEs idling in the slow lane
[updated]
With BNZ having a target to reduce its financed dairy farming emissions through membership of the UN-convened Net Zero Banking Alliance, where are other key NZ rural lenders at?
15th Aug 23, 5:00am
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With BNZ having a target to reduce its financed dairy farming emissions through membership of the UN-convened Net Zero Banking Alliance, where are other key NZ rural lenders at?
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
14th Aug 23, 12:35pm
6
Westpac steps out of line with a 10 basis points cut to its 2-year fixed home loan rate. Although not a large drop, it is the first non-trivial reduction in a main bank 2-year rate for six months
NZ banks unify on anti-scam centre, but say this UK innovation to fight fraud isn't a silver bullet
12th Aug 23, 9:10am
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NZ banks unify on anti-scam centre, but say this UK innovation to fight fraud isn't a silver bullet
Reserve Bank to ask whether New Zealand banks are able to cope with climate change in a 27-year scenario where the planet is 2° warmer
10th Aug 23, 2:47pm
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Reserve Bank to ask whether New Zealand banks are able to cope with climate change in a 27-year scenario where the planet is 2° warmer
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
Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
9th Aug 23, 5:12pm
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Government set to gut loan affordability rules in CCCFA review to make sure people can borrow when they have good credit
[updated]
Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
9th Aug 23, 11:30am
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Stats NZ figures show that total card spending fell by 0.9% in July, reversing some of the gains made in June when there was a rush of fuel spending to beat the excise duty rise
[updated]
ASB June-year profit reaches $1.559 billion as net interest margin rises