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The Reserve Bank of New Zealand has announced the registration of ICBC New Zealand, a subsidiary of the Industrial and Commercial Bank of China, as New Zealand's 23rd bank. read more

The New Zealand version of the class action lawsuit targeting Australasian banks over penalty fees has named Kiwibank as the second bank it will target. read more

The Reserve Bank of New Zealand has reported its new restrictions on low deposit mortgages are showing early signs of changing behaviour in an over-valued housing market. read more

Westpac New Zealand has reported a nine per cent increase in cash earnings, courtesy of a 39 per cent fall in bad debt charges. Lower impairment charges more than offset contracting net interest mar.. read more

Westpac New Zealand is confident its decision last year not to join ANZ and ASB in a price war for low deposit mortgages helped it hit the ground running when the Reserve Bank of New Zealand imposed.. read more

New Zealand Post has detailed its long-term strategy for Kiwibank, including expansion plans to make it the dominant part of the group with the help of fresh capital injections from the government,.. read more

NAB's BNZ has reported a 6.3 per cent rise in cash earnings, despite a five basis point fall in net interest margin, as it grew its farm lending market share and benefited from a drop in bad debt char.. read more

NAB's BNZ has stopped approving new low-deposit mortgages as it struggles to slow lending to meet a new Reserve Bank of New Zealand speed limit within an initial six-month window. read more

The Reserve Bank of New Zealand has signalled it may be able to delay and reduce likely interest rate hikes next year because a strong New Zealand dollar is reducing inflationary pressures. read more

ANZ New Zealand has reported a 29 per cent improvement in annual profit during a year when it merged both its two computer systems and brands, to cut operating costs, while also fending off attacks.. read more