RBNZ eyes more targeted interventions

The Reserve Bank of New Zealand has detailed more of its thinking behind its limit on low deposit lending, saying in a briefing paper it is "learning by doing", to some extent, and may look at fresh ".. read more

English criticises ASB move on mortgages

New Zealand Finance Minister Bill English has criticised this week's decision by CBA's ASB to withdraw pre-approvals for high loan to value ratio (LVR) mortgages, saying first home buyers were right.. read more

ASB slams on the mortgage brakes

Commonwealth Bank's New Zealand subsidiary ASB has announced that customers with pre-approvals for high loan-to-valuation ratio mortgages must "use them or lose them" within 10 days, in its most drast.. read more

RBNZ eyes wider LVR net

The Reserve Bank of New Zealand has proposed new definitions that would include credit card debt and personal loans for all banks within its new 'speed limit' on high loan to valuation ratio mortgag.. read more

RBNZ won't 'micro-manage' lending

Reserve Bank of New Zealand deputy governor Grant Spencer has reassured banks that the RBNZ's recently announced speed limit on riskier mortgages is only temporary and the central bank has no intentio.. read more

Westpac NZ raises NZ$800 million

Westpac NZ has increased the planned size of a five-year bond issue by NZ$300 million, to NZ$800 million, after strong demand from retail and institutional investors. read more

Kiwibank almost self sufficient

After 11 years of calling on its parent New Zealand Post for capital support, Kiwibank says it is almost self sufficient. The milestone couldn't come a moment too soon as New Zealand Post's own prof.. read more

Heartland profit delivered

Recently registered New Zealand rural bank Heartland Bank has reported a 71 per cent fall in net profit, delivering in line with its warning in June that bad debts inherited from its earlier incarna.. read more