Banking
How the RBNZ is planning to get banks to cut interest rates without them worrying about pushing away savers and the funding they provide
24th Sep 20, 7:32am
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How the RBNZ is planning to get banks to cut interest rates without them worrying about pushing away savers and the funding they provide
KPMG suggests banks may need to refine the expected credit loss modelling used in their loan loss provisioning in the wake of the COVID-19 crisis
23rd Sep 20, 7:37am
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KPMG suggests banks may need to refine the expected credit loss modelling used in their loan loss provisioning in the wake of the COVID-19 crisis
ANZ economists say negative interest rates won't be without potential costs and they believe the Reserve Bank will have to weigh these against perceived benefits when deciding whether to drop the Official Cash Rate below zero
22nd Sep 20, 2:03pm
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ANZ economists say negative interest rates won't be without potential costs and they believe the Reserve Bank will have to weigh these against perceived benefits when deciding whether to drop the Official Cash Rate below zero
Heartland Bank CEO Chris Flood says online home loan 'trial' proved popular and bank will relaunch offers once interest rates settle down
22nd Sep 20, 5:00am
Heartland Bank CEO Chris Flood says online home loan 'trial' proved popular and bank will relaunch offers once interest rates settle down
RBNZ outlines pros & cons of publicly releasing individual bank results of 'artificial' stress tests
Reserve Bank's Toby Fiennes says releasing individual bank stress test results is something the regulator will seriously consider
18th Sep 20, 9:14am
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Reserve Bank's Toby Fiennes says releasing individual bank stress test results is something the regulator will seriously consider
Heartland Group Holdings, the parent of Heartland Bank, to probe ways of boosting its value
18th Sep 20, 9:13am
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Heartland Group Holdings, the parent of Heartland Bank, to probe ways of boosting its value
Reserve Bank stress testing of NZ banks shows them able to maintain required regulatory capital levels and continue lending in a scenario significantly worse than what the regulator expects COVID-19 to cause
17th Sep 20, 2:00pm
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Reserve Bank stress testing of NZ banks shows them able to maintain required regulatory capital levels and continue lending in a scenario significantly worse than what the regulator expects COVID-19 to cause
Reserve Bank review of its bank stress testing framework delayed by Covid-19 pandemic
16th Sep 20, 2:31pm
Reserve Bank review of its bank stress testing framework delayed by Covid-19 pandemic
Stefan Gerlach urges monetary policymakers to respond to shifting public sentiment on inequality and the environment
16th Sep 20, 9:43am
Stefan Gerlach urges monetary policymakers to respond to shifting public sentiment on inequality and the environment
Analysts run the numbers on potential sale by Westpac Banking Corporation of wealth and insurance businesses
8th Sep 20, 9:25am
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Analysts run the numbers on potential sale by Westpac Banking Corporation of wealth and insurance businesses
As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks' non-performing loan ratios when the deferral scheme eventually ends
6th Sep 20, 6:02am
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As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks' non-performing loan ratios when the deferral scheme eventually ends
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
2nd Sep 20, 9:30am
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Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
1st Sep 20, 12:02pm
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UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
1st Sep 20, 9:54am
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Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
Reserve Bank statistics show New Zealanders increased the amount in their bank accounts by another $1.2 billion last month and the annual rate of saving is now at its highest level in nearly three years; business lending, however, has dried up
31st Aug 20, 3:33pm
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Reserve Bank statistics show New Zealanders increased the amount in their bank accounts by another $1.2 billion last month and the annual rate of saving is now at its highest level in nearly three years; business lending, however, has dried up
Flexigroup NZ says it will 'shake-up NZ’s buy now pay later sector with some major changes' in September; Harmoney posts loss but says it's in a 'strong financial position'
28th Aug 20, 2:44pm
Flexigroup NZ says it will 'shake-up NZ’s buy now pay later sector with some major changes' in September; Harmoney posts loss but says it's in a 'strong financial position'
New Zealand's big five banks felt the icy blast of COVID-19 during the June quarter, with profits and net interest margins down, and cost-to-income ratios and non-performing loans up
26th Aug 20, 9:49am
New Zealand's big five banks felt the icy blast of COVID-19 during the June quarter, with profits and net interest margins down, and cost-to-income ratios and non-performing loans up
Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks
24th Aug 20, 8:00am
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Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks
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
Banks offering options for affected customers that will enable either a new mortgage deferral or extension to an existing deferral; RBNZ says deferral should not be 'default setting'
17th Aug 20, 3:18pm
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Banks offering options for affected customers that will enable either a new mortgage deferral or extension to an existing deferral; RBNZ says deferral should not be 'default setting'
Ross McEwan, CEO of BNZ's parent National Australia Bank, says Aussie banking sector's complacency shaken off by Royal Commission as COVID crisis causes structural shift in the way bankers work
17th Aug 20, 9:12am
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Ross McEwan, CEO of BNZ's parent National Australia Bank, says Aussie banking sector's complacency shaken off by Royal Commission as COVID crisis causes structural shift in the way bankers work
ASB annual results highlight the uncertainty caused by COVID-19 for banks required to estimate their expected credit losses
13th Aug 20, 9:13am
ASB annual results highlight the uncertainty caused by COVID-19 for banks required to estimate their expected credit losses
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
Heartland Group Holdings says decision on whether it will pay a final dividend to be revealed with June year financial results in September
11th Aug 20, 10:26am
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Heartland Group Holdings says decision on whether it will pay a final dividend to be revealed with June year financial results in September
Macquarie research report weighs up the challenges for banks of exiting loan repayment deferrals
11th Aug 20, 9:47am
Macquarie research report weighs up the challenges for banks of exiting loan repayment deferrals