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Building Societies

SBS Bank happy with Reserve Bank's preferred capital instrument option for mutual banks
12th Jun 22, 2:44pm
SBS Bank happy with Reserve Bank's preferred capital instrument option for mutual banks
Government looking at enacting Building Societies Act changes later this year to stop New Zealand registered building societies from operating overseas
7th Mar 22, 2:24pm
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Government looking at enacting Building Societies Act changes later this year to stop New Zealand registered building societies from operating overseas
Banks have tapped into the Reserve Bank's Funding for Lending Programme to the tune of more than $8 billion to date
2nd Mar 22, 11:55am
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Banks have tapped into the Reserve Bank's Funding for Lending Programme to the tune of more than $8 billion to date
How has the composition of NZ's top 10 non-bank financial institutions changed over the past decade and does this say anything about the economy?
18th Dec 21, 8:03am
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How has the composition of NZ's top 10 non-bank financial institutions changed over the past decade and does this say anything about the economy?
SBS Bank names Mark McLean, currently general manager for member experience, its new CEO to succeed the departing Shaun Drylie
5th Nov 21, 1:29pm
SBS Bank names Mark McLean, currently general manager for member experience, its new CEO to succeed the departing Shaun Drylie
SBS Bank focusing on first home buyer, consumer and reverse equity lending as it calls time on rural lending and pulls back on commercial lending
4th Jun 21, 10:03am
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SBS Bank focusing on first home buyer, consumer and reverse equity lending as it calls time on rural lending and pulls back on commercial lending
Gareth Vaughan argues the Reserve Bank's COVID-19 response is tilting the playing field in favour of banks at the expense of non-bank deposit takers
23rd Nov 20, 12:01pm
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Gareth Vaughan argues the Reserve Bank's COVID-19 response is tilting the playing field in favour of banks at the expense of non-bank deposit takers
RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
13th Nov 20, 10:31am
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RBNZ Deputy Governor Geoff Bascand says the prudential regulator can't direct banks to lend funds from its Funding for Lending Programme to a particular sector
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
27th Jun 20, 9:31am
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Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
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Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
26th Mar 20, 5:39pm
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Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
26th Nov 19, 8:00am
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Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
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
Offshore operating NZ building society Pacific Eagle Capital, formerly General Equity Building Society, gets FMA infringement notice and $7,500 fine
5th Oct 18, 12:02pm
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Offshore operating NZ building society Pacific Eagle Capital, formerly General Equity Building Society, gets FMA infringement notice and $7,500 fine
MBIE proposing that New Zealand registered building societies will only be allowed to provide services to New Zealanders
20th Jul 18, 5:00am
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MBIE proposing that New Zealand registered building societies will only be allowed to provide services to New Zealanders
Government pushes for beneficial ownership register for NZ companies & limited partnerships to stop 'erosion' of New Zealand as a good place for honest business
25th Jun 18, 4:55pm
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Government pushes for beneficial ownership register for NZ companies & limited partnerships to stop 'erosion' of New Zealand as a good place for honest business
Small NZ owned banks again grow mortgage lending faster than the major banks
7th Mar 18, 11:26am
Small NZ owned banks again grow mortgage lending faster than the major banks
Remember the curious case of General Equity Building Society? Well, now it's known as Pacific Eagle Capital and appears to be thumbing its nose at an FMA warning
19th Feb 18, 5:08pm
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Remember the curious case of General Equity Building Society? Well, now it's known as Pacific Eagle Capital and appears to be thumbing its nose at an FMA warning
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
14th Dec 17, 12:52pm
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
Strong lending growth continues at SBS Bank, The Co-operative Bank & TSB but net interest margins fall
6th Dec 17, 11:10am
Strong lending growth continues at SBS Bank, The Co-operative Bank & TSB but net interest margins fall
Six years after then Commerce Minister Simon Power detailed extensive problems with NZ shell companies, the problem persists. So what can be done about this?
22nd Nov 17, 5:32pm
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Six years after then Commerce Minister Simon Power detailed extensive problems with NZ shell companies, the problem persists. So what can be done about this?
Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now
12th Sep 17, 12:52pm
Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now
Strong lending growth continues at three NZ owned banks but profit takes a hit at two of them
8th Sep 17, 4:24pm
Strong lending growth continues at three NZ owned banks but profit takes a hit at two of them
SBS Bank's Finance Now grows lending by another 6% in June quarter ahead of entering credit card market through Warehouse acquisition
25th Aug 17, 10:07am
SBS Bank's Finance Now grows lending by another 6% in June quarter ahead of entering credit card market through Warehouse acquisition