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Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards

Banking
Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards
20th Dec 19, 7:34am by Gareth Vaughan

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2 Comments

by  Boatman  |  20th Dec 19, 2:27pm 1576805244

Well its going to be interesting to see how much less the IRD earns in tax from a reduced dividend payout , and the requirement to hold more capital

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by  Jock Silver  |  20th Dec 19, 11:59pm 1576839540

They can't increase rates because folks are mortgaged to the proverbials. Neither can they decrease rates to gouge savers because they would lose business. Therefore the extra coverage must come out of profits. I rest my case.

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