New Zealand

New Zealand retail lending to hit $265.6b in 2023

Total retail loan balance outstanding is set to reach the same amount.

Chart of the Week: New Zealand proposes ambitious $9b bank capital buffers

The central bank is putting forward a prudential capital buffer of 9-10%.

New Zealand regulator sees no need for Australia-style banking inquiry

Even though the country’s four biggest banks are units of Australian lenders.

New Zealand's ASB enables contactless purchases via smartwatch

A partnership with wearable firm Garmin is set to provide on-the-go customers with the digital option.

BNZ profits up 17.8% to $490m in H12018

Sustained corporate and housing lending buoyed monthly revenues.

Scrutiny over Australian banks wrongdoing spill over to New Zealand

The regulator is talking with local lenders to ensure they are not caught up in Australia’s mess.

BNZ launches new 1-year fixed term interest rate

The new 4.39% per annum rate aims to give customers flexibility.

Impairment charges drops BNZ profit

Bank of New Zealand reports a 56% fall in first-quarter profit.

New Zealand banks leads in loan-to-deposit ratio

Bests 13 other Asia-Pacific countries, said Moody's Investors Service.

New Zealand banks profitable despite Euro crisis impact

New Zealand's banks managed to retain profits despite less investments caused by the European crisis.

ANZ takes credit for delaying interest rate cuts

ANZ is claiming credit for initiating independence from the central bank in determining interest rates.

TSB gears up for competition - CEO

Financial results for the TSB Bank showed 10% growth in profit to $66.5 million.

BNZ prefers to offer fixed interest rates

Home buyers are interested in a short-term fixed loan, this is the observation of Bank of New Zealand retail director Andy Symons.

Big NZ banks experience soaring profits

Earnings of ANZ, ASB, BNZ, Westpac and Kiwibank for the last six months of 2011 rose by 25 percent to $2.8 billion.

New Zealand delays tightening bank lending rules

New Zealand’s central bank will delay an increase in the core funding ratio to 75 percent from 70 percent by about six months to Jan. 1, 2013.

New Zealand banks to face tighter capital adequacy requirements

The Reserve Bank of New Zealand is proposing that banks implement the Basel III capital adequacy requirements.