BNZ

RBNZ eyes major increase in bank capital requirements

14 Dec 18, 1:26pm

RBNZ proposes significant increase in bank capital requirements that will eat up 70% of the sector's profits over 5 years but only have a 'minor impact' on borrowers
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Big 4 banks' 2018 profit up $433 million, dividends down $35 million

13 Dec 18, 10:03am

Gareth Vaughan

New Zealand's Australian owned banks paid the equivalent of 66% of their $5.128 billion annual profit in dividends to their parents
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BNZ economists cut GDP forecast

10 Dec 18, 2:42pm

David Hargreaves

5 comments

Falling manufacturing sales prompt BNZ to lower expectations of next week's GDP figures, while economists say economic growth figures could fall short of the Reserve Bank's expectations
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All roads pointing to $6 for Fonterra farmers

5 Dec 18, 2:23pm

David Hargreaves

3 comments

Westpac economists are the latest to trim their milk price forecast for this season - down to $6.10 from $6.25
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BNZ's $3.8 mln customer refund

5 Dec 18, 10:28am

David Hargreaves

BNZ to pay out over 10,000 customers an average of $375 each as a result of documentation errors following changes to the Credit Contracts and Consumer Finance Act (CCCFA)
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Fonterra milk price forecast out on a limb again

3 Dec 18, 3:01pm

David Hargreaves

5 comments

BNZ economists are the latest to lower their milk price forecast for the current season - to $6, which is below Fonterra's forecast range of $6.25 to $6.50
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ANZ follows quickly, also ending its sub-4% rate offer

30 Nov 18, 5:29pm

David Chaston

15 comments

NZ's largest mortgage bank also raises a key rate, but then adds a competitive 18 mth 'special', and extends its $3000 cash-back inducement
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Bank capital 'the number one safety valve for citizens of a country'

30 Nov 18, 12:47pm

Gareth Vaughan

Higher bank capital requirements are necessary, RBNZ Governor Adrian Orr says, with big four banks' use of internal capital models to be constrained
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Following BNZ, Westpac also raises mortgages rates, ending sub-4% offer

30 Nov 18, 10:16am

David Chaston

46 comments

BNZ ups its sub-4% two year home loan rate to match its rivals at 4.29% as the competitive imperative for lower rates to win market share fades. Westpac follows
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The ANZ, ASB, BNZ & Westpac profit machines continue on their merry way

27 Nov 18, 5:32pm

Gareth Vaughan

1 comment

New Zealand's big four banks continue world-class profitability across a range of key measures
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ASB follows BNZ and Co-op Bank and launches bank account by selfie app

21 Nov 18, 12:49pm

Jenée Tibshraeny

16 comments

ASB, like BNZ and The Co-operative Bank, adopts facial recognition technology to enable new customers to apply for a bank account in 15 minutes without entering a branch
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NZ vs AU mortgage rates

18 Nov 18, 5:23pm

David Chaston

21 comments

Surprise! For the first time ever we are now not paying more than the Aussies for one key fixed rate. We look at how New Zealand mortgage pricing compares with what Aussies pay for the same sort of loans
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'Poor customer outcomes are likely to go undetected'

15 Nov 18, 1:02pm

Gareth Vaughan

6 comments

'High risk' of inappropriate sales practices occurring with banks 'not adequately' monitoring and controlling the risk, FMA says in bank pay incentive structures report
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Bond bonanza continues

15 Nov 18, 9:31am

Gareth Vaughan

9 comments

BNZ borrows $550 million at 3.648% via five-year bond issue as Chorus seeks at least $300 million in its own bond issue
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and now Westpac ...

12 Nov 18, 5:05pm

David Chaston

20 comments

Another major bank reduces one mortgage rate below 4%, leaving only ASB and Kiwibank as majors with no offers at this new level
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BNZ to offer 3.99% two-year mortgage rate

12 Nov 18, 1:31pm

Gareth Vaughan

40 comments

BNZ unveils two year 3.99% home loan rate from November 13 as mortgage wars intensify
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Unemployment plummets to 3.9%

7 Nov 18, 11:12am

David Hargreaves

110 comments

Stats NZ says unemployment rate now lowest since June 2008; Employment rate at 68.3% is highest since the series began 30 years ago; wage growth remains subdued
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TSB trims key mortgage rates

3 Nov 18, 11:17am

David Chaston

3 comments

Three cuts from a rising challenger bank tighten the rate competition for home loans. While none of these reductions are market-leading, they reinforce the downward trend in mortgage rate offers
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