Bank profits
CEO Jeff Greenslade says Heartland Group has launched its 'O4B' unsecured online small business lending service in Australia as it strives to improve return on equity
12th Nov 19, 10:42am
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CEO Jeff Greenslade says Heartland Group has launched its 'O4B' unsecured online small business lending service in Australia as it strives to improve return on equity
BNZ chief financial officer Peter MacGillivray hopeful of a couple of key changes to the RBNZ's proposals to increase banks' regulatory capital requirements when the final decisions are released in early December
8th Nov 19, 7:26am
BNZ chief financial officer Peter MacGillivray hopeful of a couple of key changes to the RBNZ's proposals to increase banks' regulatory capital requirements when the final decisions are released in early December
BNZ September year profit drops $7 million as expenses increase at more than twice the pace of income and loan impairments rise
7th Nov 19, 10:26am
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BNZ September year profit drops $7 million as expenses increase at more than twice the pace of income and loan impairments rise
Westpac New Zealand annual profit up 3% despite expense growth outstripping income growth as loan impairments improve and Paymark sale helps
4th Nov 19, 10:18am
Westpac New Zealand annual profit up 3% despite expense growth outstripping income growth as loan impairments improve and Paymark sale helps
Gareth Vaughan highlights five key takeaways from ANZ NZ as the country's biggest bank reports its annual results and its top brass speak out
4th Nov 19, 9:56am
Gareth Vaughan highlights five key takeaways from ANZ NZ as the country's biggest bank reports its annual results and its top brass speak out
Acting ANZ NZ CEO Antonia Watson acknowledges mistakes by the bank have contributed to a lengthy list of problems this year as it prepares to hold more capital to meet incoming RBNZ requirements
1st Nov 19, 7:14am
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Acting ANZ NZ CEO Antonia Watson acknowledges mistakes by the bank have contributed to a lengthy list of problems this year as it prepares to hold more capital to meet incoming RBNZ requirements
ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
31st Oct 19, 9:51am
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ANZ NZ annual profit falls 8% from last year's record high with costs up 5% and income up 3% as credit impairments rise
Gareth Vaughan details ANZ New Zealand's long list of faux pas from its annus horribilis and suggests a show of contrition from the bank's top brass would be a welcome step
26th Oct 19, 9:29am
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Gareth Vaughan details ANZ New Zealand's long list of faux pas from its annus horribilis and suggests a show of contrition from the bank's top brass would be a welcome step
BNZ and parent National Australia Bank say review of software capitalisation policies will result in reduction to annual net profit after tax
2nd Oct 19, 3:18pm
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BNZ and parent National Australia Bank say review of software capitalisation policies will result in reduction to annual net profit after tax
With its roots and charitable trust ownership in Taranaki, TSB is growing in other parts of New Zealand. So does it look to distribute profits outside its home province?
30th Aug 19, 11:44am
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With its roots and charitable trust ownership in Taranaki, TSB is growing in other parts of New Zealand. So does it look to distribute profits outside its home province?
The country's key smaller banks deliver a weaker collective financial performance in the June quarter this year compared to the 2018 June quarter
28th Aug 19, 9:36am
The country's key smaller banks deliver a weaker collective financial performance in the June quarter this year compared to the 2018 June quarter
Combined June quarter profit up 13% for ANZ, ASB, BNZ & Westpac as average RoE rises, cost-to-income ratio drops and net interest margin holds steady
27th Aug 19, 9:30am
Combined June quarter profit up 13% for ANZ, ASB, BNZ & Westpac as average RoE rises, cost-to-income ratio drops and net interest margin holds steady
CEO Steve Jurkovich says Kiwibank transformation project to cost 'hundreds of millions' over four to five years
26th Aug 19, 8:01am
CEO Steve Jurkovich says Kiwibank transformation project to cost 'hundreds of millions' over four to five years
Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?
25th Aug 19, 6:31am
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Gareth Vaughan suggests ANZ and its fellow big banks are starting to look snookered. Could it be time for them to accept they're now utilities?
Kiwibank cites banking fee reductions, bill paying services returning to NZ Post, and lower insurance income as its annual profit drops by $7 million
23rd Aug 19, 10:09am
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Kiwibank cites banking fee reductions, bill paying services returning to NZ Post, and lower insurance income as its annual profit drops by $7 million
UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom
20th Aug 19, 9:31am
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UBS analysts highlight the wide range of returns on equity across Heartland Group Holdings' stable from reverse mortgages at the top to loans via Harmoney at the bottom
CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits
16th Aug 19, 9:25am
CEO Chris Flood says Heartland Bank's small size relative to competitors and high net interest margin gives him comfort the bank can continue to grow deposits
A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
13th Aug 19, 11:16am
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A less redacted version of ANZ NZ's submission on the RBNZ's proposals to increase bank capital requirements, released to interest.co.nz, includes a surprising admission from the country's biggest bank
ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
7th Aug 19, 10:15am
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ASB annual profit increases to $1.274 billion with return on equity at 15.2% as cost-to-income ratio is cut to 35.6%. Parent Commonwealth Bank of Australia buys into buy now pay later firm
ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
5th Aug 19, 9:57am
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ASB's parent Commonwealth Bank of Australia under pressure to return billions of dollars of capital to shareholders despite expectation ASB's capital will need bolstering to meet RBNZ bank capital proposals
RBNZ analysis shows big 4 NZ banks' average return on equity second among banks from comparable countries, and if Kiwibank could match their operating expense efficiency its return on equity would be comparable
2nd Aug 19, 9:50am
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RBNZ analysis shows big 4 NZ banks' average return on equity second among banks from comparable countries, and if Kiwibank could match their operating expense efficiency its return on equity would be comparable
Aussie banks' return on equity targets labelled difficult to justify in a low interest rate world, potentially impacting their ability to meet community expectations and undermining Reserve Bank of Australia monetary policy
24th Jul 19, 9:43am
Aussie banks' return on equity targets labelled difficult to justify in a low interest rate world, potentially impacting their ability to meet community expectations and undermining Reserve Bank of Australia monetary policy
Fitch Ratings affirms the AA- ratings of ANZ and Westpac but warns both they and their NZ subsidiaries might see a weakening in earnings relative to their peers
18th Jul 19, 11:39am
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Fitch Ratings affirms the AA- ratings of ANZ and Westpac but warns both they and their NZ subsidiaries might see a weakening in earnings relative to their peers
ANZ's NZ vehicle and asset finance provider subsidiary UDC Finance has reported another rise in interim earnings as it mulls a return of funds to investors later this calendar year
3rd Jul 19, 5:00am
ANZ's NZ vehicle and asset finance provider subsidiary UDC Finance has reported another rise in interim earnings as it mulls a return of funds to investors later this calendar year
SBS Bank CEO Shaun Drylie hopeful the mutually owned building society will gain RBNZ approval for a Tier 1 capital instrument to help it meet the regulator's bank capital proposals
6th Jun 19, 5:00am
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SBS Bank CEO Shaun Drylie hopeful the mutually owned building society will gain RBNZ approval for a Tier 1 capital instrument to help it meet the regulator's bank capital proposals