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Kiwibank

GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
17th Mar 24, 6:01am
59
GDP figures out in the coming week might be, in the words of one economist, 'as flat as a pancake', - but this of course is in a country that grew its population by 2.8% last year, meaning many more hands are producing only exactly the same outcome
Forsyth Barr sees a light at the end of the tunnel after ‘worst year on record’ for NZX-listed companies
14th Mar 24, 7:06am
27
Forsyth Barr sees a light at the end of the tunnel after ‘worst year on record’ for NZX-listed companies
Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows
13th Mar 24, 3:16pm
33
Housing lending as a percentage of New Zealand banks' total lending reaches 70%, KPMG's annual FIPS shows
Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs
13th Mar 24, 9:34am
46
Kiwibank economists say central banks will ultimately need to have looser inflation targets in a 'world of rapidly rising, climate-related, costs
[updated]
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
11th Mar 24, 8:32am
25
Even though they are small and not market-leading, ASB has made a third set of home loan rate reductions to ensure it remains competitive with its main home loan rivals. And it has cut TD rates too
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
6th Mar 24, 8:58am
13
Despite another bank trimming home loan rates, the range of rates among all banks is narrowing for the most competitive terms. BNZ matches its latest cut with term deposit reductions
Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'
4th Mar 24, 11:41am
23
Kiwibank economists say that after some 'ferocious barking' and 'a lot of huffing and puffing' about potential interest rate hikes, the RBNZ has 'stripped off their wolf skin'
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
4th Mar 24, 8:46am
31
It looks like this is moving week for both home loan and term deposit rates, following the RBNZ MPS. ANZ the next to cut retail rates although the changes are not major
[updated]
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
4th Mar 24, 8:02am
11
Soon after its 18 month mortgage rate cut last week, ASB trims its one and two year home loan rates. And tweaks up its 6 month term deposit rate slightly
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
1st Mar 24, 9:12am
Profit at New Zealand's biggest bank fell 22% in the December quarter as non-performing loans rose above $1 billion
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
27th Feb 24, 7:56am
23
ASB cuts 18 month fixed home loan rate by 26 basis points, ahead of the Reserve Bank's OCR decision, and in the face of a stuttering real estate market
CEO Steve Jurkovich says Kiwibank's margins have been stable as it grows home lending in weak market
23rd Feb 24, 10:03am
CEO Steve Jurkovich says Kiwibank's margins have been stable as it grows home lending in weak market
Commerce Commission outlines a range of interventions it could make to influence bank behaviour in interbank payments
23rd Feb 24, 7:38am
Commerce Commission outlines a range of interventions it could make to influence bank behaviour in interbank payments
[updated]
Kiwibank interim profit up 7% as home lending and net interest income increase. CEO Steve Jurkovich says reduction in surplus income main reason for customers who are struggling
22nd Feb 24, 9:39am
5
Kiwibank interim profit up 7% as home lending and net interest income increase. CEO Steve Jurkovich says reduction in surplus income main reason for customers who are struggling
Another major bank tweaks its mortgage rate card lower as doubts spread about an OCR hike next week. Competition is rising as the real estate market hasn't really fired yet in its crucial selling season
22nd Feb 24, 8:06am
72
Another major bank tweaks its mortgage rate card lower as doubts spread about an OCR hike next week. Competition is rising as the real estate market hasn't really fired yet in its crucial selling season
Proposed Business Growth Fund through which government & banks would make equity investments in SMEs no closer after change of government
15th Feb 24, 5:00am
6
Proposed Business Growth Fund through which government & banks would make equity investments in SMEs no closer after change of government
[updated]
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
12th Feb 24, 12:22pm
36
There are clear signs that the RBNZ’s 'heavy handed hikes' are inhibiting household demand, and hurting business, Kiwibank economists say
The Red Bank becomes the first major to break out of the tight range of mortgage rates being offered by the majors, cutting both fixed home loan rates modestly (and term deposit rates by more) even as wholesale rates rise
9th Feb 24, 6:04am
30
The Red Bank becomes the first major to break out of the tight range of mortgage rates being offered by the majors, cutting both fixed home loan rates modestly (and term deposit rates by more) even as wholesale rates rise
Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates
8th Feb 24, 8:46am
21
Heartland Bank slices its fixed home loan rates with big cuts to all terms, opening up a big differences to main bank rates
Kiwibank's Jarrod Kerr on the war on inflation including how much the RBNZ can influence non-tradeable inflation, and whether its mandate may need changing
26th Jan 24, 10:01am
69
Kiwibank's Jarrod Kerr on the war on inflation including how much the RBNZ can influence non-tradeable inflation, and whether its mandate may need changing
ASB moves both home loan and term deposit rates lower but only for the less popular longer terms. Still, they can claim a competitive three year home loan rate. But they can't claim unique term deposit offers
25th Jan 24, 9:48am
18
ASB moves both home loan and term deposit rates lower but only for the less popular longer terms. Still, they can claim a competitive three year home loan rate. But they can't claim unique term deposit offers
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
22nd Jan 24, 3:05pm
4
With new figures this week likely to show our inflation rate falling meaningfully, economists are nevertheless concerned about the potential for for further inflationary disruptions
The next bank to trim home loan rates is Westpac. Their adjustments take them into line with their main rivals. But they did make a +10 bps rise to their six month term deposit rate to a somewhat unique level
18th Jan 24, 6:17pm
5
The next bank to trim home loan rates is Westpac. Their adjustments take them into line with their main rivals. But they did make a +10 bps rise to their six month term deposit rate to a somewhat unique level
Both Kiwibank and TSB trim home loan rates to match the big Aussie banks. They also reduce some longer term deposit rates
15th Jan 24, 9:47am
23
Both Kiwibank and TSB trim home loan rates to match the big Aussie banks. They also reduce some longer term deposit rates
We looked at all bank term deposit offers in every week for all of 2023 to find the bank consistently offering the highest rates. It was close between two aggressive challenger banks
3rd Jan 24, 3:00pm
8
We looked at all bank term deposit offers in every week for all of 2023 to find the bank consistently offering the highest rates. It was close between two aggressive challenger banks