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Bank profits

Kiwibank posts annual profit of $126 million as net interest income surges, lending grows and the bank writes-back Covid-19 loan provisioning
26th Aug 21, 8:57am
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Kiwibank posts annual profit of $126 million as net interest income surges, lending grows and the bank writes-back Covid-19 loan provisioning
New Zealand's major banks record major year-on-year profit turnaround in the June quarter
26th Aug 21, 7:30am
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New Zealand's major banks record major year-on-year profit turnaround in the June quarter
Impact of lockdowns on credit quality at Australasia's big four banks yet to fully emerge, Macquarie analysts say
20th Aug 21, 8:15am
Impact of lockdowns on credit quality at Australasia's big four banks yet to fully emerge, Macquarie analysts say
Fitch says rising interest rates will be both credit positive for New Zealand banks, as well as boosting their profitability
16th Aug 21, 10:09am
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Fitch says rising interest rates will be both credit positive for New Zealand banks, as well as boosting their profitability
ASB annual profit surges to a fresh record high of $1.321 billion as loan impairments fall and housing lending rises
11th Aug 21, 10:30am
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ASB annual profit surges to a fresh record high of $1.321 billion as loan impairments fall and housing lending rises
Helped by strong housing lending, New Zealand's banks appear set to top $6 billion in annual profit this year for the first time
10th Aug 21, 3:05pm
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Helped by strong housing lending, New Zealand's banks appear set to top $6 billion in annual profit this year for the first time
TSB lending more money in Auckland than Taranaki as annual profit and housing lending surges. Bank sells its Harmoney loan portfolio
30th Jun 21, 5:23pm
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TSB lending more money in Auckland than Taranaki as annual profit and housing lending surges. Bank sells its Harmoney loan portfolio
A lack of cyber security regulation, loan provision releases racking up, COVID-19 challenges forward looking loss provisioning models, climate-related accounting standards & more
23rd Jun 21, 10:35am
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A lack of cyber security regulation, loan provision releases racking up, COVID-19 challenges forward looking loss provisioning models, climate-related accounting standards & more
Departing Co-operative Bank CEO David Cunningham sees flat to lower house prices over the next couple of years
5th Jun 21, 9:50am
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Departing Co-operative Bank CEO David Cunningham sees flat to lower house prices over the next couple of years
SBS Bank focusing on first home buyer, consumer and reverse equity lending as it calls time on rural lending and pulls back on commercial lending
4th Jun 21, 10:03am
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SBS Bank focusing on first home buyer, consumer and reverse equity lending as it calls time on rural lending and pulls back on commercial lending
Profits and return on equity at New Zealand's major banks surge higher on the back of the red hot housing market
1st Jun 21, 9:30am
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Profits and return on equity at New Zealand's major banks surge higher on the back of the red hot housing market
Morgan Stanley analysts predict big collective provision releases will boost major banks' earnings over the next couple of years
21st May 21, 2:24pm
Morgan Stanley analysts predict big collective provision releases will boost major banks' earnings over the next couple of years
Macquarie analysts highlight the strong performance of the big four Aussie banks' Kiwi subsidiaries in their recent earnings round
18th May 21, 3:51pm
Macquarie analysts highlight the strong performance of the big four Aussie banks' Kiwi subsidiaries in their recent earnings round
BNZ CEO Angela Mentis says outcome of Westpac's New Zealand ownership review 'will be interesting'
7th May 21, 9:35am
BNZ CEO Angela Mentis says outcome of Westpac's New Zealand ownership review 'will be interesting'
BNZ posts big rise in interim profit boosted by a positive turnaround in credit impairments, solid revenue growth and a major drop in expenses
6th May 21, 10:24am
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BNZ posts big rise in interim profit boosted by a positive turnaround in credit impairments, solid revenue growth and a major drop in expenses
ANZ New Zealand half-year profit rises 18% helped by a turnaround in credit impairment charges and the red hot housing market
5th May 21, 9:59am
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ANZ New Zealand half-year profit rises 18% helped by a turnaround in credit impairment charges and the red hot housing market
Westpac NZ CEO David McLean retiring in June with bank executive & ex-politician Simon Power to serve as acting CEO as a search for a permanent successor takes place
3rd May 21, 9:51am
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Westpac NZ CEO David McLean retiring in June with bank executive & ex-politician Simon Power to serve as acting CEO as a search for a permanent successor takes place
Macquarie analysts see ANZ as the biggest revenue beneficiary from higher trading and markets income among the major Australasian banks
22nd Apr 21, 10:19am
Macquarie analysts see ANZ as the biggest revenue beneficiary from higher trading and markets income among the major Australasian banks
Big four banks deliver strong financial performance in December quarter as housing market goes ballistic
19th Apr 21, 5:26pm
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Big four banks deliver strong financial performance in December quarter as housing market goes ballistic
Banks now allowed to pay some dividends, but RBNZ keeps restrictions in place until July 2022
31st Mar 21, 8:50am
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Banks now allowed to pay some dividends, but RBNZ keeps restrictions in place until July 2022
Rabobank New Zealand posts lower annual profit, CEO trumpets agriculture's importance to NZ's economy against the backdrop of COVID-19
29th Mar 21, 12:12pm
Rabobank New Zealand posts lower annual profit, CEO trumpets agriculture's importance to NZ's economy against the backdrop of COVID-19
The good times are rolling again for the big Australasian banks and their shareholders, helped by lower term deposit rates
3rd Mar 21, 2:15pm
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The good times are rolling again for the big Australasian banks and their shareholders, helped by lower term deposit rates
Kiwibank CEO Steve Jurkovich says banks could use cheap RBNZ Funding for Lending Programme money to lower floating mortgage rates
26th Feb 21, 7:49am
Kiwibank CEO Steve Jurkovich says banks could use cheap RBNZ Funding for Lending Programme money to lower floating mortgage rates
Kiwibank says operating income rose $10 mln to $287 mln, while customer lending growth was $1.6 bln and customer deposit growth was $1.3 bln; seven branches to be closed
25th Feb 21, 8:54am
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Kiwibank says operating income rose $10 mln to $287 mln, while customer lending growth was $1.6 bln and customer deposit growth was $1.3 bln; seven branches to be closed
ANZ Banking Group CEO Shayne Elliott says bank's NZ staff have 'been really run off their feet' meeting record demand for home loans
18th Feb 21, 11:48am
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ANZ Banking Group CEO Shayne Elliott says bank's NZ staff have 'been really run off their feet' meeting record demand for home loans