NZ banks may need to borrow NZ$40 bn offshore 12 May 2016 3:53PM The Reserve Bank of New Zealand has warned that banks may need to raise up to NZ$40 billion in wholesale long-term funding offshore over the next three years to stay within their core funding ratio re.. read more
Dairy loans drag BNZ profit down 06 May 2016 4:10PM National Australia Bank's BNZ has became the first New Zealand bank to announce significant provisions for bad dairy loans as the prospect of a third year of loss-making milk payouts approaches. read more
ANZ NZ growing share 04 May 2016 4:36PM ANZ Bank's New Zealand operations reported strong lending growth in the first half as it grew market share in mortgage lending. This more than offset tighter margins and a rise in bad debt charges. read more
Westpac NZ dials back mortgage growth 03 May 2016 4:11PM Westpac New Zealand eased back on its mortgage lending growth in the first half of the year to avoid further pressuring margins and taking on extra risk in an "increasingly frothy" housing market. read more
RBNZ surprises some by holding 29 April 2016 3:59PM The Reserve Bank of New Zealand held the official cash rate at 2.25 per cent as most expected, but it surprised some in the financial markets who thought Australia's March quarter deflation shock woul.. read more
Kiwibank restructure set to create a stronger competitor 07 April 2016 4:17PM The New Zealand Government has announced plans to restructure the ownership of Kiwibank in a way that could increase its ability to compete harder for market share with its Big Four Australian-owned r.. read more
Rabobank NZ warns of dairy losses 17 March 2016 4:57PM Rabobank New Zealand has warned of higher provisions for bad dairy loans in 2016 after reporting a flat profit for 2015 and strong lending growth to customers requiring bank support. read more
NZ banks pass dairy stress test 17 March 2016 4:57PM The Reserve Bank of New Zealand says the five banks exposed to more than NZ$38 billion of dairy loans could cope with a sustained period of milk payouts below operating costs. read more
Banks face political heat in NZ 16 March 2016 5:08PM New Zealand's big four Australian-owned banks face increasing political pressure to pass on more of last week's surprise cut in the Official Cash Rate to floating rate borrowers, particularly struggli.. read more
ANZ defies RBNZ with partial pass-through 11 March 2016 4:35PM New Zealand's largest bank, ANZ, announced late on Thursday that it would only reduce its variable mortgage rates by ten basis points, defying the expectation of Reserve Bank of New Zealand governor G.. read more