8th Apr 21, 10:14am
The country's key home lenders detail where they're at with COVID-19 related mortgage deferrals as the year long scheme comes to an end
The country's key home lenders detail where they're at with COVID-19 related mortgage deferrals as the year long scheme comes to an end
11th Jan 21, 8:18am
Encouraged by the RBNZ, one major bank offers a 2.29% one year fixed home loan rate. It is almost certain to signal a new round of mortgage rate cuts that will juice up the already-hot housing market
Encouraged by the RBNZ, one major bank offers a 2.29% one year fixed home loan rate. It is almost certain to signal a new round of mortgage rate cuts that will juice up the already-hot housing market
16th Dec 20, 10:51am
Mortgage brokers say most banks have had their struggles keeping up with demand in a red hot housing market
Mortgage brokers say most banks have had their struggles keeping up with demand in a red hot housing market
12th Nov 20, 9:40am
The RBNZ delaying moves to level capital playing field with Aussie owned banks disappoints NZ owned banks, and exclusion from the Funding for Lending Programme disappoints building societies and credit unions
The RBNZ delaying moves to level capital playing field with Aussie owned banks disappoints NZ owned banks, and exclusion from the Funding for Lending Programme disappoints building societies and credit unions
6th Nov 20, 10:27am
HSBC pushed fixed home loan rate offers lower yet again, with some market-leading low levels for their Premier product. They have cut TD rates as well. Meanwhile other banks are offering cashbacks more liberally
HSBC pushed fixed home loan rate offers lower yet again, with some market-leading low levels for their Premier product. They have cut TD rates as well. Meanwhile other banks are offering cashbacks more liberally
4th Nov 20, 9:34am
Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future
Discussion paper from Payments NZ details the 'building blocks' for a real-time payments system for the future
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
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
17th Aug 20, 5:20pm
A large challenger bank trims home loan rates to near market-leading levels, the first to do so after the RBNZ MPS and the first to line up for the Spring real estate selling season race
A large challenger bank trims home loan rates to near market-leading levels, the first to do so after the RBNZ MPS and the first to line up for the Spring real estate selling season race
[Updated]
31st Jul 20, 7:41am
TSB books provision for potential legal action by the RBNZ over alleged non-compliance with anti-money laundering and countering the financing of terrorism requirements
[Updated]
TSB books provision for potential legal action by the RBNZ over alleged non-compliance with anti-money laundering and countering the financing of terrorism requirements
3rd Jul 20, 10:29am
KPMG shines spotlight on how the COVID-19 crisis has brought a lack of financial resilience to the fore, suggesting a need for greater financial planning
KPMG shines spotlight on how the COVID-19 crisis has brought a lack of financial resilience to the fore, suggesting a need for greater financial planning
27th Jun 20, 9:31am
Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
19th Jun 20, 1:26pm
Start date for four regional banking hub pilots pushed back until 'social activity is as close to normal as possible'
Start date for four regional banking hub pilots pushed back until 'social activity is as close to normal as possible'
3rd Jun 20, 10:15am
Banks' 'social licence' to operate is likely to curtail the mass cull of branches for now, but lessons learnt during the COVID-19 crisis means this can't be ruled out longer term
Banks' 'social licence' to operate is likely to curtail the mass cull of branches for now, but lessons learnt during the COVID-19 crisis means this can't be ruled out longer term
2nd Jun 20, 9:53am
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
[Updated]
29th May 20, 2:20pm
TSB launches a virtual bank, saying the COVID-19 crisis has proven customers can still get personal, human service, but more conveniently via a video call
[Updated]
TSB launches a virtual bank, saying the COVID-19 crisis has proven customers can still get personal, human service, but more conveniently via a video call
22nd May 20, 2:07pm
BNZ gets back in the ring with a 'special' rate card all below three percent, including all rates for three, four and five years fixed
BNZ gets back in the ring with a 'special' rate card all below three percent, including all rates for three, four and five years fixed
22nd May 20, 10:07am
Now its ASB's turn to push down home loan interest rates, with a market leading target at 2.69% for two years fixed, and trumping all their main rivals
Now its ASB's turn to push down home loan interest rates, with a market leading target at 2.69% for two years fixed, and trumping all their main rivals
21st May 20, 6:38pm
Westpac joins the fray with a market leading two year fixed rate, but doesn't reduce standard rates so the difference grows to unusual levels
Westpac joins the fray with a market leading two year fixed rate, but doesn't reduce standard rates so the difference grows to unusual levels
[Updated]
21st May 20, 12:50pm
TSB joins ANZ offering a home loan rate of 2.79% fixed for one year. It cuts four other rates, two of them to below 3%. It cuts term deposit rates too
[Updated]
TSB joins ANZ offering a home loan rate of 2.79% fixed for one year. It cuts four other rates, two of them to below 3%. It cuts term deposit rates too
[Updated]
9th Apr 20, 8:00am
Limit on contactless payments increasing to $200 from $80 to encourage consumers not to touch payments terminals. Good for our health, but bad for EFTPOS?
[Updated]
Limit on contactless payments increasing to $200 from $80 to encourage consumers not to touch payments terminals. Good for our health, but bad for EFTPOS?
[Updated]
1st Apr 20, 6:15pm
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
[Updated]
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
5th Mar 20, 5:08pm
The Red Bank takes a sharp knife to its three, four and five year fixed home loan rates, making them all much lower than their main rivals. They also trim term deposit rates
The Red Bank takes a sharp knife to its three, four and five year fixed home loan rates, making them all much lower than their main rivals. They also trim term deposit rates
14th Feb 20, 9:42am
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
7th Feb 20, 9:16am
Annual advertising spending by New Zealand banks increased by more than a quarter in 2019 with all four major banks recording increases
Annual advertising spending by New Zealand banks increased by more than a quarter in 2019 with all four major banks recording increases
3rd Feb 20, 7:03pm
ANZ raises some key home loan rates as wholesale rates dip and deposit rates stay unchanged - because the re-ignited housing market takes pressure off banks to keep rates low
ANZ raises some key home loan rates as wholesale rates dip and deposit rates stay unchanged - because the re-ignited housing market takes pressure off banks to keep rates low
