Bank profits
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
ASB posts 4% rise in half-year profit to $625 million as income rises and expenses fall
10th Feb 21, 10:49am
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ASB posts 4% rise in half-year profit to $625 million as income rises and expenses fall
Expectations 'very high' ahead of half-year financial results from ASB's parent Commonwealth Bank of Australia
4th Feb 21, 9:26am
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Expectations 'very high' ahead of half-year financial results from ASB's parent Commonwealth Bank of Australia
Big five New Zealand banks fill their boots on home loans during September quarter as COVID-19 sends profits south
27th Nov 20, 10:01am
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Big five New Zealand banks fill their boots on home loans during September quarter as COVID-19 sends profits south
Macquarie banking analysts put the microscope on financial results from ANZ, CBA, NAB and Westpac, the Aussie parents of NZ's big four banks
19th Nov 20, 11:39am
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Macquarie banking analysts put the microscope on financial results from ANZ, CBA, NAB and Westpac, the Aussie parents of NZ's big four banks
BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works
6th Nov 20, 9:37am
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BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works
Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise
5th Nov 20, 10:29am
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Annual profit falls $260 million at BNZ as COVID-19 makes its impact felt, income falls and expenses rise
CEO David McLean says Westpac NZ is open for business but has not loosened its LVR lending limits since the Reserve Bank said it could
3rd Nov 20, 12:06pm
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CEO David McLean says Westpac NZ is open for business but has not loosened its LVR lending limits since the Reserve Bank said it could
Westpac NZ September year profit falls 43% as loan impairment charges surge, income falls and expenses rise
2nd Nov 20, 10:21am
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Westpac NZ September year profit falls 43% as loan impairment charges surge, income falls and expenses rise
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
ANZ New Zealand posts lower annual profit as its credit impairment charge surges, income falls, expenses rise and it loses money on the sale of UDC. ANZ Group says 2% of NZ mortgage book on a deferral plan
29th Oct 20, 10:17am
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ANZ New Zealand posts lower annual profit as its credit impairment charge surges, income falls, expenses rise and it loses money on the sale of UDC. ANZ Group says 2% of NZ mortgage book on a deferral plan
Gareth Vaughan suggests the attitudes of Reserve Bank Governor Adrian Orr and the big four banks' bosses present at last week's INFINZ conference suggests some interesting times ahead as key issues come to a head
28th Oct 20, 1:27pm
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Gareth Vaughan suggests the attitudes of Reserve Bank Governor Adrian Orr and the big four banks' bosses present at last week's INFINZ conference suggests some interesting times ahead as key issues come to a head
RBNZ Governor Adrian Orr tells bank bosses to look past their noses, as ANZ NZ chairman plus ASB, BNZ and Westpac CEOs speak out against the possibility of the RBNZ taking the OCR negative
24th Oct 20, 9:59am
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RBNZ Governor Adrian Orr tells bank bosses to look past their noses, as ANZ NZ chairman plus ASB, BNZ and Westpac CEOs speak out against the possibility of the RBNZ taking the OCR negative
Andrew Cornell of Bluenotes delves into how the economy and the business sector will fare when COVID-19 related life support is eventually switched off, and what this may mean for banks' bad loans
22nd Oct 20, 12:27pm
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Andrew Cornell of Bluenotes delves into how the economy and the business sector will fare when COVID-19 related life support is eventually switched off, and what this may mean for banks' bad loans
KPMG suggests banks may need to refine the expected credit loss modelling used in their loan loss provisioning in the wake of the COVID-19 crisis
23rd Sep 20, 7:37am
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KPMG suggests banks may need to refine the expected credit loss modelling used in their loan loss provisioning in the wake of the COVID-19 crisis
Heartland Group Holdings, the parent of Heartland Bank, to probe ways of boosting its value
18th Sep 20, 9:13am
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Heartland Group Holdings, the parent of Heartland Bank, to probe ways of boosting its value
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
Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
1st Sep 20, 9:54am
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Kiwibank June year profit hit as COVID-19 related loan impairments ramp up, expenses rise and income falls
New Zealand's big five banks felt the icy blast of COVID-19 during the June quarter, with profits and net interest margins down, and cost-to-income ratios and non-performing loans up
26th Aug 20, 9:49am
New Zealand's big five banks felt the icy blast of COVID-19 during the June quarter, with profits and net interest margins down, and cost-to-income ratios and non-performing loans up
ANZ NZ records credit impairment charge of $312 million for first nine months of current financial year, more than treble the sum recorded for its full financial year in 2019
19th Aug 20, 2:31pm
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ANZ NZ records credit impairment charge of $312 million for first nine months of current financial year, more than treble the sum recorded for its full financial year in 2019
ASB's June year profit drops 25% as COVID-19 related loan provisioning ramps up, income falls and expenses rise
12th Aug 20, 10:36am
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ASB's June year profit drops 25% as COVID-19 related loan provisioning ramps up, income falls and expenses rise
Gareth Vaughan on bloated bank balance sheets, a second Keynesian revolution, business owners afraid to ask for help, American mask hysteria redux & Ghosn's escape
7th Aug 20, 10:00am
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Gareth Vaughan on bloated bank balance sheets, a second Keynesian revolution, business owners afraid to ask for help, American mask hysteria redux & Ghosn's escape
JP Morgan analysts suggest a top-up of ASB's loan provisioning may be a feature of parent Commonwealth Bank of Australia's annual results
5th Aug 20, 9:36am
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JP Morgan analysts suggest a top-up of ASB's loan provisioning may be a feature of parent Commonwealth Bank of Australia's annual results
TSB books provision for potential legal action by the RBNZ over alleged non-compliance with anti-money laundering and countering the financing of terrorism requirements
31st Jul 20, 7:41am
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TSB books provision for potential legal action by the RBNZ over alleged non-compliance with anti-money laundering and countering the financing of terrorism requirements
Credit Suisse banking analysts see a shift in big 4 banks' loan loss provisioning weighted away from base case scenarios and more towards their severe scenarios
27th Jul 20, 9:57am
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Credit Suisse banking analysts see a shift in big 4 banks' loan loss provisioning weighted away from base case scenarios and more towards their severe scenarios