Kiwibank
BNZ and Kiwibank make market share gains in home loans in the third quarter, but it is BNZ that has built momentum over the past year
29th Nov 21, 2:05pm
6
BNZ and Kiwibank make market share gains in home loans in the third quarter, but it is BNZ that has built momentum over the past year
September quarter combined financial performance from the big 5 NZ banks comfortably outstrips September 2020 quarter on a range of measures
29th Nov 21, 12:06pm
September quarter combined financial performance from the big 5 NZ banks comfortably outstrips September 2020 quarter on a range of measures
Suddenly, the rise and rise of fixed mortgage rates looks less certain as financial markets recoil at Omicron. Maybe that opens up an opportunity for borrowers to seek discounts off the new higher carded rates
29th Nov 21, 9:33am
21
Suddenly, the rise and rise of fixed mortgage rates looks less certain as financial markets recoil at Omicron. Maybe that opens up an opportunity for borrowers to seek discounts off the new higher carded rates
ASB the first bank to increase floating home loan rates following the 25 basis points OCR rise, but only by 15 basis points, ANZ adds 20 basis points, Kiwibank, Westpac and BNZ add 25 bps
24th Nov 21, 2:14pm
12
ASB the first bank to increase floating home loan rates following the 25 basis points OCR rise, but only by 15 basis points, ANZ adds 20 basis points, Kiwibank, Westpac and BNZ add 25 bps
Anecdote emerges of vaccine-hesitant person denied a mortgage after being stood down from their job; Banks say they're interested in borrowers' incomes not vaccination status
24th Nov 21, 8:05am
85
Anecdote emerges of vaccine-hesitant person denied a mortgage after being stood down from their job; Banks say they're interested in borrowers' incomes not vaccination status
ANZ offers 3% pa for a three year term deposit term, the first time in this cycle a 3% offer for three years has appeared. But banks are raising term deposit rates slower than mortgage rates, and the difference is the widest on record
23rd Nov 21, 10:11am
23
ANZ offers 3% pa for a three year term deposit term, the first time in this cycle a 3% offer for three years has appeared. But banks are raising term deposit rates slower than mortgage rates, and the difference is the widest on record
Country's largest bank joins growing number of banks declining mortgage applications for loans with less than a 20% deposit
23rd Nov 21, 9:41am
27
Country's largest bank joins growing number of banks declining mortgage applications for loans with less than a 20% deposit
Following ASB and Westpac, ANZ as the largest home loan lender raises its carded offers, pushing some rates to new higher territory. One year rates now have a 70 bps advantage
22nd Nov 21, 8:37am
86
Following ASB and Westpac, ANZ as the largest home loan lender raises its carded offers, pushing some rates to new higher territory. One year rates now have a 70 bps advantage
Westpac joins ASB in pushing through higher fixed mortgage rates, as rising inflation expectations push up wholesale rates, and all eyes turn to how the RBNZ will react
18th Nov 21, 4:06pm
85
Westpac joins ASB in pushing through higher fixed mortgage rates, as rising inflation expectations push up wholesale rates, and all eyes turn to how the RBNZ will react
Auckland spending has bounced after the loosening of Covid restrictions, but services spending is still well down, according to Kiwibank credit and debit card data
18th Nov 21, 11:30am
3
Auckland spending has bounced after the loosening of Covid restrictions, but services spending is still well down, according to Kiwibank credit and debit card data
Westpac's head of NZ strategy Imre Speizer says the current rush to fix mortgages is likely to continue into next year, which will keep pressure on swap rates
17th Nov 21, 12:35pm
8
Westpac's head of NZ strategy Imre Speizer says the current rush to fix mortgages is likely to continue into next year, which will keep pressure on swap rates
Kiwibank pulling plug on pre-approvals for low deposit home loans as banks strive to meet new RBNZ LVR restrictions
17th Nov 21, 7:44am
38
Kiwibank pulling plug on pre-approvals for low deposit home loans as banks strive to meet new RBNZ LVR restrictions
ASB raises all its fixed home loan rates giving it the highest rates on offer for most fixed terms. Options under 4% are shrinking fast, especially at the main banks
16th Nov 21, 9:02am
98
ASB raises all its fixed home loan rates giving it the highest rates on offer for most fixed terms. Options under 4% are shrinking fast, especially at the main banks
Kiwibank economists, who have this year been highlighting upside risks to interest rates now say some wholesale rates have gone too far and will be 'pulled down'
15th Nov 21, 1:40pm
6
Kiwibank economists, who have this year been highlighting upside risks to interest rates now say some wholesale rates have gone too far and will be 'pulled down'
Gareth Vaughan mulls whether our banks' strong profits in a time of Covid-19 induced upheaval warrant a one-off Covid tax
14th Nov 21, 6:00am
78
Gareth Vaughan mulls whether our banks' strong profits in a time of Covid-19 induced upheaval warrant a one-off Covid tax
ANZ raises its mortgage rates but only to take up the space beneath its main rivals. It also raised its term deposit rates a minor amount
10th Nov 21, 7:17pm
11
ANZ raises its mortgage rates but only to take up the space beneath its main rivals. It also raised its term deposit rates a minor amount
Kiwi Insurance, sister company of Kiwibank, is sold to NIB for $45 million
Westpac raises mortgage rates again, unafraid of having the highest 1, 2 and 3 year fixed rates of any bank, probably confident others will follow
4th Nov 21, 8:23pm
22
Westpac raises mortgage rates again, unafraid of having the highest 1, 2 and 3 year fixed rates of any bank, probably confident others will follow
Latest labour market figures blow all economists' expectations out of the water once again
3rd Nov 21, 11:05am
132
Latest labour market figures blow all economists' expectations out of the water once again
The direction and speed from here of higher mortgage rates now depends on a set of official data and statistics being released over the rest of November
3rd Nov 21, 10:21am
5
The direction and speed from here of higher mortgage rates now depends on a set of official data and statistics being released over the rest of November
Kiwibank unveils how much of its mortgage book is exposed to coastal flood risk, ahead of regulation around climate risk reporting and pricing ramping up
3rd Nov 21, 8:15am
19
Kiwibank unveils how much of its mortgage book is exposed to coastal flood risk, ahead of regulation around climate risk reporting and pricing ramping up
Ahead of some major public policy set pieces, New Zealand's largest mortgage lender follows its rivals with higher rates, pushing its 3 year fixed rate to the highest of any bank for that term. ASB goes even higher
1st Nov 21, 7:16pm
67
Ahead of some major public policy set pieces, New Zealand's largest mortgage lender follows its rivals with higher rates, pushing its 3 year fixed rate to the highest of any bank for that term. ASB goes even higher
A whiff of instability and broken deal making stalks wholesale money markets, suddenly raising the stakes for indebted homeowners, especially those who need to roll over soon
28th Oct 21, 8:54pm
42
A whiff of instability and broken deal making stalks wholesale money markets, suddenly raising the stakes for indebted homeowners, especially those who need to roll over soon
BNZ raises its term deposit offers sharply, and is now the market-leading main bank, even offering a 3% rate for a five year term. These sharp moves might have an outsized impact on challenger banks
27th Oct 21, 10:31am
44
BNZ raises its term deposit offers sharply, and is now the market-leading main bank, even offering a 3% rate for a five year term. These sharp moves might have an outsized impact on challenger banks
Kiwibank economists say there's currently an 'imbalance' in the wholesale interest rate markets and they see more 'upside risk' for mortgage rates
26th Oct 21, 3:15pm
28
Kiwibank economists say there's currently an 'imbalance' in the wholesale interest rate markets and they see more 'upside risk' for mortgage rates