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Bank funding

Heartland Group is shooting for a profit of between $93 mln and $96 mln in the coming year as it looks to extend its reach through digital platforms
24th Aug 21, 9:57am
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Heartland Group is shooting for a profit of between $93 mln and $96 mln in the coming year as it looks to extend its reach through digital platforms
ANZ New Zealand taps Reserve Bank's Funding for Lending Programme for $500 million to help 'provide competitive lending to the productive parts of the economy'
7th Jul 21, 12:05pm
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ANZ New Zealand taps Reserve Bank's Funding for Lending Programme for $500 million to help 'provide competitive lending to the productive parts of the economy'
RBNZ responds favourably to banks' concerns around terms sheets, dividend stoppers and foreign law oversight in capital review
18th Jun 21, 9:25am
RBNZ responds favourably to banks' concerns around terms sheets, dividend stoppers and foreign law oversight in capital review
Three of New Zealand's big four banks load up on a combined €2.450 billion worth of covered bonds
10th Jun 21, 4:33pm
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Three of New Zealand's big four banks load up on a combined €2.450 billion worth of covered bonds
BNZ borrows $550 million through five-year bond issue paying investors 1.884% per annum
3rd Jun 21, 7:29am
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BNZ borrows $550 million through five-year bond issue paying investors 1.884% per annum
Kiwibank becomes the first bank to access the Reserve Bank's Funding for Lending Programme for a second time
31st Mar 21, 4:00pm
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Kiwibank becomes the first bank to access the Reserve Bank's Funding for Lending Programme for a second time
ASB borrows $500 million through the Reserve Bank's Funding for Lending Programme after pledging to use the money 'in a purposeful way'
26th Mar 21, 5:00am
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ASB borrows $500 million through the Reserve Bank's Funding for Lending Programme after pledging to use the money 'in a purposeful way'
RBNZ Governor Adrian Orr tells banks to lower interest rates more, noting that if offshore funding costs increase, the RBNZ can offer cheap freshly-printed cash
25th Feb 21, 9:31am
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RBNZ Governor Adrian Orr tells banks to lower interest rates more, noting that if offshore funding costs increase, the RBNZ can offer cheap freshly-printed cash
RBNZ's Funding for Lending Programme not a good fit for Heartland Bank, CEO Chris Flood says, as group continues mulling splitting Marac out as a standalone subsidiary
23rd Feb 21, 9:08am
RBNZ's Funding for Lending Programme not a good fit for Heartland Bank, CEO Chris Flood says, as group continues mulling splitting Marac out as a standalone subsidiary
Westpac NZ five-year bond issue raises $650 million priced at 55 basis points over the swap rate
18th Feb 21, 1:16pm
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Westpac NZ five-year bond issue raises $650 million priced at 55 basis points over the swap rate
CEO Vittoria Shortt details what ASB wants to do with billions of dollars worth of funding from the RBNZ priced at 0.25%
11th Feb 21, 5:00pm
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CEO Vittoria Shortt details what ASB wants to do with billions of dollars worth of funding from the RBNZ priced at 0.25%
David Chaston summarises how the recent run-up in longer-term wholesale interest rates is affecting the cost of money, and for who. He also shows how the FLP is distorting these market moves
9th Feb 21, 11:52am
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David Chaston summarises how the recent run-up in longer-term wholesale interest rates is affecting the cost of money, and for who. He also shows how the FLP is distorting these market moves
Why banks believe a Funding for Lending Programme wouldn't do enough to protect their profits in the face of a negative Official Cash Rate
30th Oct 20, 10:58am
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Why banks believe a Funding for Lending Programme wouldn't do enough to protect their profits in the face of a negative Official Cash Rate
ASB's term deposit rate cuts set a new low benchmark ahead of the next Reserve Bank Monetary Policy Statement, but savers are still saving at banks
16th Oct 20, 10:45am
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ASB's term deposit rate cuts set a new low benchmark ahead of the next Reserve Bank Monetary Policy Statement, but savers are still saving at banks
The economic climate has brought interest rates to very low levels and the environment may have changed semi-permanently. Banks now vie to offer the lowest rates to their depositors
19th Sep 20, 9:42am
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The economic climate has brought interest rates to very low levels and the environment may have changed semi-permanently. Banks now vie to offer the lowest rates to their depositors
Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
2nd Sep 20, 9:30am
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Kiwibank CEO Steve Jurkovich says the bank has been preparing for the likelihood of a negative OCR by looking closely at what it's likely to mean for product management and customer behaviour
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
16th Jul 20, 1:37pm
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New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
9th Jul 20, 5:00am
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Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
Brian Fallow provides a timely reminder that NZ banks are reliant on imported credit, the flip side of NZ households’ collective tendency to spend more than their income
29th May 20, 9:01am
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Brian Fallow provides a timely reminder that NZ banks are reliant on imported credit, the flip side of NZ households’ collective tendency to spend more than their income
BNZ says it has provided home loan support to 21k home loan customers & 17k business customers due to COVID-19;  Sees economy contracting by about 9% in 2020 as unemployment pushes 10% and house prices drop by about 10%.
28th Apr 20, 9:59am
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BNZ says it has provided home loan support to 21k home loan customers & 17k business customers due to COVID-19;  Sees economy contracting by about 9% in 2020 as unemployment pushes 10% and house prices drop by about 10%.
Much still to be finalised in government's development of a deposit insurance scheme, with proposal of products it will cover detailed in consultation paper
3rd Apr 20, 5:00am
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Much still to be finalised in government's development of a deposit insurance scheme, with proposal of products it will cover detailed in consultation paper
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy 
31st Mar 20, 7:37am
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A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy 
Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
25th Mar 20, 10:38am
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Gareth Vaughan looks at the strenuous efforts authorities are making to keep the debt/credit taps on, concluding the banking industry 'normal' may not be the same the other side of COVID-19
RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
20th Mar 20, 1:22pm
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RBNZ takes steps to shore-up NZ financial markets, on top of Monday's OCR cut, as coronavirus crisis escalates. Bank economists anticipate RBNZ's next move will be buying Government bonds, or QE
The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency
20th Mar 20, 8:20am
by admin
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The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency