RBNZ eyes more targeted interventions 27 September 2013 4:36PM 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
NZ speed limit to hit 25 per cent of first-home buyers 27 September 2013 4:35PM The Reserve Bank of New Zealand has advised Finance Minister Bill English that its limit on low-deposit lending could force around 25 per cent of first-home buyers to delay or downsize their home purc.. read more
English criticises ASB move on mortgages 25 September 2013 4:55PM 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 24 September 2013 4:47PM 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 23 September 2013 4:47PM 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 13 September 2013 5:03PM 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 13 September 2013 4:57PM 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
RBNZ holds rates but foreshadows increases 12 September 2013 5:20PM The Reserve Bank of New Zealand has held the Official Cash Rate as expected at 2.5 per cent, but has increased its forecast track for interest rates by around 50 basis points. read more
Kiwibank almost self sufficient 28 August 2013 4:46PM 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 27 August 2013 3:59PM 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