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loan impairments

BNZ posts 74% surge in annual profit to $1.322 billion as income jumps 14% and expenses tumble 9%; Big 4 banks' combined annual profit reaches $5.493 billion
9th Nov 21, 10:27am
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BNZ posts 74% surge in annual profit to $1.322 billion as income jumps 14% and expenses tumble 9%; Big 4 banks' combined annual profit reaches $5.493 billion
Westpac NZ annual profit bounces back after major reversal in loan impairments
1st Nov 21, 10:23am
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Westpac NZ annual profit bounces back after major reversal in loan impairments
ANZ NZ's annual profit pushes above $1.9 billion helped by strong housing lending and lower loan provisions; 70% of total lending now housing lending
28th Oct 21, 10:03am
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ANZ NZ's annual profit pushes above $1.9 billion helped by strong housing lending and lower loan provisions; 70% of total lending now housing lending
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
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
Credit rating agency S&P says 'exceptionally strong' and 'unprecedented' NZ house price growth increases risks for banks
23rd Jul 21, 12:12pm
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Credit rating agency S&P says 'exceptionally strong' and 'unprecedented' NZ house price growth increases risks for banks
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
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
The country's key home lenders detail where they're at with COVID-19 related mortgage deferrals as the year long scheme comes to an end
8th Apr 21, 10:14am
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The country's key home lenders detail where they're at with COVID-19 related mortgage deferrals as the year long scheme comes to an end
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
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
Morgan Stanley says massive quantities of government and central bank fiscal and monetary policy stimulus is suppressing banks' loan losses
29th Jan 21, 7:50am
Morgan Stanley says massive quantities of government and central bank fiscal and monetary policy stimulus is suppressing banks' loan losses
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 Antonia Watson says ANZ NZ's 'in reasonably good shape' in terms of COVID-19 related mortgage deferrals, suggests RBNZ's ban on banks paying dividends could end
2nd Nov 20, 12:26pm
CEO Antonia Watson says ANZ NZ's 'in reasonably good shape' in terms of COVID-19 related mortgage deferrals, suggests RBNZ's ban on banks paying dividends could end
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
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
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
by Guest
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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
Analysts at Morgan Stanley detail their expectations for the big four Australasian banks' September quarter loan impairment charges
6th Oct 20, 9:22am
Analysts at Morgan Stanley detail their expectations for the big four Australasian banks' September quarter loan impairment charges
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
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
Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks
24th Aug 20, 8:00am
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Morgan Stanley banking analysts wade through the June quarter loan impairment, credit quality and loan provisioning detail from Australasia's big four banks
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