Bank profits
KPMG shines spotlight on how the COVID-19 crisis has brought a lack of financial resilience to the fore, suggesting a need for greater financial planning
3rd Jul 20, 10:29am
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KPMG shines spotlight on how the COVID-19 crisis has brought a lack of financial resilience to the fore, suggesting a need for greater financial planning
Macquarie research suggests NZ's major banks have more capacity than their Aussie parents to protect margins if interest rates go negative, by cutting term deposit rates
23rd Jun 20, 9:52am
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Macquarie research suggests NZ's major banks have more capacity than their Aussie parents to protect margins if interest rates go negative, by cutting term deposit rates
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
2nd Jun 20, 9:53am
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Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
Westpac NZ takes 'conservative' position on loan provisioning in uncertain COVID-19 dominated world, chief financial officer Ian Hankins says
5th May 20, 7:45am
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Westpac NZ takes 'conservative' position on loan provisioning in uncertain COVID-19 dominated world, chief financial officer Ian Hankins says
Westpac NZ half-year net profit tumbles as loan impairments and expenses rise and income falls
4th May 20, 10:32am
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Westpac NZ half-year net profit tumbles as loan impairments and expenses rise and income falls
ANZ NZ Antonia Watson on creating an ANZAC bubble, the Government's Business Finance Guarantee Scheme, loan provisioning and potential UDC sale
1st May 20, 7:35am
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ANZ NZ Antonia Watson on creating an ANZAC bubble, the Government's Business Finance Guarantee Scheme, loan provisioning and potential UDC sale
ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
30th Apr 20, 10:25am
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ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
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%.
BNZ's parent National Australia Bank gives early demonstration of credit loss expectations in a COVID-19 world as its profit tumbles, dividend's cut and A$3.5b equity raise is detailed
27th Apr 20, 5:00pm
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BNZ's parent National Australia Bank gives early demonstration of credit loss expectations in a COVID-19 world as its profit tumbles, dividend's cut and A$3.5b equity raise is detailed
COVID-19 set to rear its head for an early impact assessment as three of Australasia's big four banking groups report their interim financial results
24th Apr 20, 9:05am
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COVID-19 set to rear its head for an early impact assessment as three of Australasia's big four banking groups report their interim financial results
Macquarie analysts' predict big four Australasian banks' COVID-19 downturn-related loan losses to peak in 2021
21st Apr 20, 8:42am
Macquarie analysts' predict big four Australasian banks' COVID-19 downturn-related loan losses to peak in 2021
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
1st Apr 20, 9:34am
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
18th Mar 20, 9:53am
Heartland Group Holdings says home loan offering well received, sees overall lending growth continuing and is comfortable with its capital, liquidity and deposit reinvestment levels
Four key profit measures all weakened for New Zealand's big five banks in the December quarter
6th Mar 20, 9:39am
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Four key profit measures all weakened for New Zealand's big five banks in the December quarter
Kiwibank CEO Steve Jurkovich details where the bank is at with a multi-year transformation programme expected to cost hundreds of millions of dollars
24th Feb 20, 9:35am
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Kiwibank CEO Steve Jurkovich details where the bank is at with a multi-year transformation programme expected to cost hundreds of millions of dollars
Surge in expenses and drop in net interest margin push Kiwibank interim profit down 18% with more investment ahead
21st Feb 20, 11:00am
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Surge in expenses and drop in net interest margin push Kiwibank interim profit down 18% with more investment ahead
KPMG's annual Financial Institutions Performance Survey for the banking sector shows times got a bit tougher in 2019, albeit from a very high base
19th Feb 20, 7:39am
KPMG's annual Financial Institutions Performance Survey for the banking sector shows times got a bit tougher in 2019, albeit from a very high base
Heartland Bank CEO Chris Flood sees opportunities in several areas as his bank's bigger rivals wrestle with new RBNZ-imposed regulatory capital requirements
19th Feb 20, 7:38am
Heartland Bank CEO Chris Flood sees opportunities in several areas as his bank's bigger rivals wrestle with new RBNZ-imposed regulatory capital requirements
ASB interim profit drops 5% from last year's record high after bank books loss on sale of funds administration business Aegis
12th Feb 20, 10:20am
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ASB interim profit drops 5% from last year's record high after bank books loss on sale of funds administration business Aegis
Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards
20th Dec 19, 7:34am
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Preparation for increasing regulatory capital requirements sees major New Zealand banks' combined dividends drop in 2019 as funding costs remain low by historic standards
Against the backdrop of its record low OCR, the RBNZ suggests the impact on bank profitability of very low interest rates will be neutral and notes countries with negative interest rates have not experienced significant falls in bank profits
28th Nov 19, 7:37am
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Against the backdrop of its record low OCR, the RBNZ suggests the impact on bank profitability of very low interest rates will be neutral and notes countries with negative interest rates have not experienced significant falls in bank profits
Times got tougher for the big banks in the September quarter, although their combined profit still topped $1 billion
27th Nov 19, 9:58am
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Times got tougher for the big banks in the September quarter, although their combined profit still topped $1 billion
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
15th Nov 19, 9:25am
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UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
15th Nov 19, 9:25am
UBS number crunching shows BNZ delivered the strongest lending, deposit and revenue growth of the big four banks during the second half of their respective financial years
ASB's parent Commonwealth Bank of Australia tipped to splash out up to A$3 billion on share buybacks despite expected increased New Zealand capital requirements
14th Nov 19, 7:38am
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ASB's parent Commonwealth Bank of Australia tipped to splash out up to A$3 billion on share buybacks despite expected increased New Zealand capital requirements