David McLean
Business lobby group BusinessNZ is dismissive of the RBNZ's bank capital proposals yet NZ owned banks argue they would bolster their competitive position vs their big Aussie owned rivals. So why the disconnect?
11th May 19, 9:46am
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Business lobby group BusinessNZ is dismissive of the RBNZ's bank capital proposals yet NZ owned banks argue they would bolster their competitive position vs their big Aussie owned rivals. So why the disconnect?
ANZ NZ CEO David Hisco suggests he won't be personally rushing to embrace open banking as Minister Kris Faafoi awaits 'concrete plans' from banks on how they will provide access to third-parties
9th May 19, 10:43am
ANZ NZ CEO David Hisco suggests he won't be personally rushing to embrace open banking as Minister Kris Faafoi awaits 'concrete plans' from banks on how they will provide access to third-parties
Gareth Vaughan delves into the big banks' interim financial results noting three are on track for annual profit of more than $1 bln, whilst ANZ could crack $2 bln
7th May 19, 4:50pm
Gareth Vaughan delves into the big banks' interim financial results noting three are on track for annual profit of more than $1 bln, whilst ANZ could crack $2 bln
Westpac NZ CEO David McLean says NZ banks should hold higher regulatory capital than Australian banks, but it shouldn't be as high as the RBNZ is proposing
7th May 19, 10:00am
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Westpac NZ CEO David McLean says NZ banks should hold higher regulatory capital than Australian banks, but it shouldn't be as high as the RBNZ is proposing
Westpac NZ half-year profit rises 15% to record high boosted by sale of Paymark stake, solid income growth and drop in bad debts
6th May 19, 10:13am
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Westpac NZ half-year profit rises 15% to record high boosted by sale of Paymark stake, solid income growth and drop in bad debts
Former ASB executive, and current Westpac Group executive, Roger Beaumont to take bank lobby group NZBA's helm next year
17th Dec 18, 1:25pm
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Former ASB executive, and current Westpac Group executive, Roger Beaumont to take bank lobby group NZBA's helm next year
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
12th Nov 18, 10:33am
Treasury to probe 'fundamental change' and growth required by Kiwibank to take on core government banking in 2023
Westpac NZ's David McLean is seeing increased competition between the banks as the spring housing market springs to life
6th Nov 18, 11:51am
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Westpac NZ's David McLean is seeing increased competition between the banks as the spring housing market springs to life
Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
5th Nov 18, 10:07am
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Westpac NZ annual cash earnings rise 5%, statutory earnings up 3% to $936 mln, three-year business transformation programme yielding benefits
Could it be that NZ's big 4 banks have all posted annual profit of at least $1 billion just as the FMA & RBNZ's report on their conduct & culture is released?
30th Oct 18, 4:46pm
Could it be that NZ's big 4 banks have all posted annual profit of at least $1 billion just as the FMA & RBNZ's report on their conduct & culture is released?
Why Westpac CEO David McLean is right in urging the business community to get over the election result and get on with business
29th Aug 18, 7:50am
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Why Westpac CEO David McLean is right in urging the business community to get over the election result and get on with business
Westpac's David McLean says flat house prices for 20-30 years would gradually correct housing unaffordability without igniting the 'economic carnage' a big price drop would cause
23rd May 18, 1:57pm
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Westpac's David McLean says flat house prices for 20-30 years would gradually correct housing unaffordability without igniting the 'economic carnage' a big price drop would cause
Housing mortgage rates are more likely to go down rather than up despite increased US dollar funding costs for New Zealand banks
12th May 18, 9:22am
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Housing mortgage rates are more likely to go down rather than up despite increased US dollar funding costs for New Zealand banks
Westpac NZ CEO David McLean says Aussie Royal Commission chance for NZ to get a free ride, defends vertically integrated banking model, sees increased mortgage market competition
8th May 18, 12:02pm
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Westpac NZ CEO David McLean says Aussie Royal Commission chance for NZ to get a free ride, defends vertically integrated banking model, sees increased mortgage market competition
Westpac NZ posts increase in half-year cash earnings as income rises and expenses fall. Net interest margin rises 19 basis points
7th May 18, 10:11am
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Westpac NZ posts increase in half-year cash earnings as income rises and expenses fall. Net interest margin rises 19 basis points
Westpac NZ 'not too fazed' by new government's desire to get Kiwibank up to speed to take government banking business off Westpac, CEO David McLean says
7th Nov 17, 2:12pm
Westpac NZ 'not too fazed' by new government's desire to get Kiwibank up to speed to take government banking business off Westpac, CEO David McLean says
CEO David McLean acknowledges Westpac NZ was 'caught on the back foot' in year of two distinct halves, sees KiwiSaver fees 'evolving'
7th Nov 17, 2:05pm
CEO David McLean acknowledges Westpac NZ was 'caught on the back foot' in year of two distinct halves, sees KiwiSaver fees 'evolving'
Westpac NZ annual cash earnings climb 10% despite flat income thanks to $135 mln impairment turnaround as dairy farming sector recovers
6th Nov 17, 9:51am
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Westpac NZ annual cash earnings climb 10% despite flat income thanks to $135 mln impairment turnaround as dairy farming sector recovers
Big banks' net interest margins take a hit in the March quarter with cost-to-income ratios also under some pressure
2nd Jun 17, 9:44am
Big banks' net interest margins take a hit in the March quarter with cost-to-income ratios also under some pressure
RBNZ gives clearest signals yet how and where it could pitch a debt-to-income ratio restricting tool for mortgage borrowers, and which type of borrowers would be targeted
31st May 17, 12:19pm
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RBNZ gives clearest signals yet how and where it could pitch a debt-to-income ratio restricting tool for mortgage borrowers, and which type of borrowers would be targeted
Westpac NZ's repayment requirement stemming from an APRA directive bounces back up to NZ$900 mln after halving to NZ$500 mln
29th May 17, 3:41pm
Westpac NZ's repayment requirement stemming from an APRA directive bounces back up to NZ$900 mln after halving to NZ$500 mln
ANZ NZ ahead of schedule in repaying parent NZ$8 bln worth of inter-company loans
16th May 17, 11:30am
ANZ NZ ahead of schedule in repaying parent NZ$8 bln worth of inter-company loans
Westpac NZ CEO David McLean 'not terribly concerned' about Auckland first home buyers' ability to service their mortgages if interest rates rise to 7.5%
10th May 17, 5:02am
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Westpac NZ CEO David McLean 'not terribly concerned' about Auckland first home buyers' ability to service their mortgages if interest rates rise to 7.5%
CEO David McLean says Westpac NZ will launch Samsung Pay services, but notes slow uptake so far of smartphone payments in Australia and NZ
9th May 17, 3:04pm
CEO David McLean says Westpac NZ will launch Samsung Pay services, but notes slow uptake so far of smartphone payments in Australia and NZ
Westpac NZ ekes out 2% rise in half-year cash earnings as loan impairments fade away. Deposits drop $700 mln over half-year
8th May 17, 9:57am
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Westpac NZ ekes out 2% rise in half-year cash earnings as loan impairments fade away. Deposits drop $700 mln over half-year