Bank funding

16th Oct 20, 10:45am
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
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
19th Sep 20, 9:42am
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
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
2nd Sep 20, 9:30am
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
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
16th Jul 20, 1:37pm
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
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
9th Jul 20, 5:00am
Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
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
29th May 20, 9:01am
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
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
[Updated]
28th Apr 20, 9:59am
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%.
[Updated]
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
3rd Apr 20, 5:00am
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
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
31st Mar 20, 7:37am
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy 
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
[Updated]
25th Mar 20, 10:38am
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
[Updated]
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
20th Mar 20, 1:22pm
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
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
[Updated]
20th Mar 20, 8:20am
by admin
The RBNZ issues details of its plan to ensure financial markets don't freeze up during the global Covid-19 emergency
[Updated]
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
19th Mar 20, 11:05am
by Guest
ANZ New Zealand economists call for RBNZ quantitative easing 'in the ballpark of' $15 billion to $20 billion annually to soothe financial markets and ease bank funding costs
ANZ New Zealand economists call for RBNZ quantitative easing 'in the ballpark of' $15 billion to $20 billion annually to soothe financial markets and ease bank funding costs
19th Mar 20, 11:05am
[Updated]
16th Mar 20, 3:14pm
Deputy RBNZ Governor Geoff Bascand: The RBNZ isn't willing to take on the 'additional risk' of going into negative OCR territory; Banks are well-funded for now but future uncertain
[Updated]
Deputy RBNZ Governor Geoff Bascand: The RBNZ isn't willing to take on the 'additional risk' of going into negative OCR territory; Banks are well-funded for now but future uncertain
16th Mar 20, 3:14pm
10th Mar 20, 1:44pm
ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
ANZ NZ CEO Antonia Watson says some government working capital support in response to coronavirus outbreak might be useful, bank in a very good position from a liquidity and funding sense
10th Mar 20, 1:44pm
5th Mar 20, 7:35am
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
Heartland launches online home loan offers with aggressive one to three year fixed rates and a floating rate as it tests appetite for digital mortgages
5th Mar 20, 7:35am
23rd Sep 19, 9:55am
S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment
S&P Global Ratings supportive of deposit insurance, has NZ's banking sector alongside Estonia, Iceland, Ireland, Kuwait, Malaysia, Mexico, Poland and Saudi Arabia in its country risk assessment
23rd Sep 19, 9:55am
13th Sep 19, 1:26pm
Kiwibank five-year bond issue brings in $400 million to help fund the bank's lending as chunky bond issues from big New Zealand banks continue
Kiwibank five-year bond issue brings in $400 million to help fund the bank's lending as chunky bond issues from big New Zealand banks continue
13th Sep 19, 1:26pm
[Updated]
26th Aug 19, 8:13pm
Jenée Tibshraeny argues National's proposal to give 'savers' tax relief is an ill-conceived bid for baby boomer votes that'll distort the tax system, stymie growth and prevent interest rates from rising
[Updated]
Jenée Tibshraeny argues National's proposal to give 'savers' tax relief is an ill-conceived bid for baby boomer votes that'll distort the tax system, stymie growth and prevent interest rates from rising
26th Aug 19, 8:13pm
14th Aug 19, 9:32am
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
ASB borrows NZ$600 million through five-year bond issue that will pay investors interest of just 1.83% a year
14th Aug 19, 9:32am
26th Jul 19, 9:51am
Gareth Vaughan says Westpac NZ's mammoth NZ$900 million five-year bond issue paying investors just 2.22% pa highlights expectations of even lower interest rates
Gareth Vaughan says Westpac NZ's mammoth NZ$900 million five-year bond issue paying investors just 2.22% pa highlights expectations of even lower interest rates
26th Jul 19, 9:51am
11th Jul 19, 9:43am
KPMG's head of banking and finance John Kensington wonders whether the growing trend of young Kiwis using Kiwisaver for a home deposit is just 'pushing the problem of retirement affordability down the track' for future generations
KPMG's head of banking and finance John Kensington wonders whether the growing trend of young Kiwis using Kiwisaver for a home deposit is just 'pushing the problem of retirement affordability down the track' for future generations
11th Jul 19, 9:43am
9th May 19, 7:58am
RBNZ Governor Adrian Orr doesn't believe he'll get less bang for his buck cutting interest rates, the lower they go; Bank economists beg to differ
RBNZ Governor Adrian Orr doesn't believe he'll get less bang for his buck cutting interest rates, the lower they go; Bank economists beg to differ
9th May 19, 7:58am
4th Feb 19, 2:56pm
ANZ NZ prices five-year covered bond issue at 33 basis points over euro swap rate
ANZ NZ prices five-year covered bond issue at 33 basis points over euro swap rate
4th Feb 19, 2:56pm
1st Feb 19, 8:54am
Another bank raises its key term deposit rates, even in the face of sharply falling wholesale swap rates. A finance company raised a key rate too
Another bank raises its key term deposit rates, even in the face of sharply falling wholesale swap rates. A finance company raised a key rate too
1st Feb 19, 8:54am

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