bank funding costs
Westpac NZ raises NZ$385 mln in floating rate note issue, initial interest rate set at low end of indicative range
9th Jul 13, 4:41pm
Westpac NZ raises NZ$385 mln in floating rate note issue, initial interest rate set at low end of indicative range
Westpac NZ looks to raise up to NZ$500 mln through floating rate note offer
The RBNZ says it lets NZ banks use more assets as covered bond security than their Aussie counterparts because it doesn't want to stop small bank issuance
2nd Jul 13, 4:05pm
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The RBNZ says it lets NZ banks use more assets as covered bond security than their Aussie counterparts because it doesn't want to stop small bank issuance
Banks' long-term overseas borrowing costs down 75 basis points year-on-year and downward pressure on retail deposit rates, RBNZ notes
14th Jun 13, 4:17pm
Banks' long-term overseas borrowing costs down 75 basis points year-on-year and downward pressure on retail deposit rates, RBNZ notes
Despite cheaper funding and reduced expenses, the average bank net interest margin fell in the December quarter, KPMG says
18th Apr 13, 4:28pm
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Despite cheaper funding and reduced expenses, the average bank net interest margin fell in the December quarter, KPMG says
ANZ resets interest rate on NZ$835 mln bond issue at 5.28% for 5-years, well down on 9.66% they've paid since 2008
16th Apr 13, 1:10pm
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ANZ resets interest rate on NZ$835 mln bond issue at 5.28% for 5-years, well down on 9.66% they've paid since 2008
Kiwibank raises about NZ$188 mln through inaugural covered bond issue in Switzerland secured by NZ residential mortgages
28th Mar 13, 10:09am
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Kiwibank raises about NZ$188 mln through inaugural covered bond issue in Switzerland secured by NZ residential mortgages
Retail investor demand helps BNZ raise NZ$350 mln in oversubscribed bond issue offering both fixed and floating interest rates
26th Mar 13, 4:21pm
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Retail investor demand helps BNZ raise NZ$350 mln in oversubscribed bond issue offering both fixed and floating interest rates
New BNZ senior bond offer margin to be between 1.23% and 1.28% over the 5-year swap rate and 90-day Bank Bill Rate respectively
20th Mar 13, 3:16pm
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New BNZ senior bond offer margin to be between 1.23% and 1.28% over the 5-year swap rate and 90-day Bank Bill Rate respectively
Fresh BNZ bond offer brews, offering both fixed and floating interest rates, after perpetual share issued was called last month
19th Mar 13, 4:28pm
Fresh BNZ bond offer brews, offering both fixed and floating interest rates, after perpetual share issued was called last month
New Zealanders deposited NZ$29 bln more in the major banks than they borrowed from them over the last three years
1st Feb 13, 4:36pm
New Zealanders deposited NZ$29 bln more in the major banks than they borrowed from them over the last three years
ASB raises NZ$400 mln through unsecured five-year bond paying 4.476% per annum
21st Dec 12, 3:57pm
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ASB raises NZ$400 mln through unsecured five-year bond paying 4.476% per annum
ANZ cuts term deposit rates and is now lowest in the market, following wholesale rates down
15th Nov 12, 10:40am
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ANZ cuts term deposit rates and is now lowest in the market, following wholesale rates down
BNZ raises almost NZ$400 mln in yen denominated bond issue to Japanese investors as it continues funding diversification
1st Nov 12, 4:10pm
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BNZ raises almost NZ$400 mln in yen denominated bond issue to Japanese investors as it continues funding diversification
Parliamentary select committee rubber stamps covered bond bill saying such bonds could mean higher deposit rates for bank depositors
25th Sep 12, 3:32pm
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Parliamentary select committee rubber stamps covered bond bill saying such bonds could mean higher deposit rates for bank depositors
ANZ, National introduce market leading low advertised 2-year mortgage rate; BNZ introduces special 1-year term deposit rate
17th Sep 12, 10:03am
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ANZ, National introduce market leading low advertised 2-year mortgage rate; BNZ introduces special 1-year term deposit rate
ANZ NZ borrows about NZ$1.6 bln through two bond issues including €750 mln of covered bonds and NZ$400 mln in domestic issue
13th Sep 12, 4:16pm
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ANZ NZ borrows about NZ$1.6 bln through two bond issues including €750 mln of covered bonds and NZ$400 mln in domestic issue
The safer banks are, the more expensive borrowing from them should be, says senior executive at BNZ's parent National Australia Bank
15th Aug 12, 4:19pm
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The safer banks are, the more expensive borrowing from them should be, says senior executive at BNZ's parent National Australia Bank
ASB posts 21% rise in annual profit to NZ$685 million despite just a 1.2% rise in lending
15th Aug 12, 11:27am
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ASB posts 21% rise in annual profit to NZ$685 million despite just a 1.2% rise in lending
PwC cautions banks against placing too much reliance on covered bonds saying they add 'incremental constraints'
9th Jul 12, 3:59pm
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PwC cautions banks against placing too much reliance on covered bonds saying they add 'incremental constraints'
Westpac secures just over two-thirds of maximum NZ$900 mln target from two domestic debt issues
6th Jul 12, 4:10pm
Westpac secures just over two-thirds of maximum NZ$900 mln target from two domestic debt issues
Reserve Bank gives banks carte blanche to 'decouple' floating mortgage rates from the OCR; Says bank funding costs no longer tied to OCR and swap rates
29th Jun 12, 4:05pm
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Reserve Bank gives banks carte blanche to 'decouple' floating mortgage rates from the OCR; Says bank funding costs no longer tied to OCR and swap rates
Recent fixed-term mortgage rate cuts evidence banks' are well funded and 'reasonably comfortable' with funding cost pressure, RBNZ says
15th Jun 12, 4:18pm
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Recent fixed-term mortgage rate cuts evidence banks' are well funded and 'reasonably comfortable' with funding cost pressure, RBNZ says
Have banks been more generous to borrowers in their mortgage rate cuts or slugged savers harder with cuts to term deposit rates?
6th Jun 12, 4:23pm
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Have banks been more generous to borrowers in their mortgage rate cuts or slugged savers harder with cuts to term deposit rates?
Formal Greek debt default and euro exit would have 'material' impact, boss of ASB's parent Ian Narev says, although 'forward planning' would cushion this
18th May 12, 4:06pm
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Formal Greek debt default and euro exit would have 'material' impact, boss of ASB's parent Ian Narev says, although 'forward planning' would cushion this