No growth for ANZ New Zealand

The costs of the integrating the IT systems of ANZ's two bank brands in New Zealand wiped out all the notional profit growth for the group in NZ, with the March 2011 profit for the bank easing one p.. read more

Offshore IT: priority at ANZ

ANZ will spend around NZ$117 million on its project to jettison the core banking system of the ANZ bank brand in New Zealand and to move to the Systematics platform used by National Bank of New Zeal.. read more

ANZ builds capital ratios slowly

ANZ will continue to use a discount on reinvestment of its dividends to build its capital ratios as the bank waits for APRA to clarify the details of the Basel III regulatory regime in Australia. read more

Macquarie trims surplus capital

Macquarie Group is looking for ways to reduce its level of surplus capital and so help prop up the lacklustre returns of the organisation, whose level of profitability remains less than half that re.. read more

Investment lending soft in March

Growth in lending for housing continues to fade gradually, with more of the weakness evident now in lending for residential property investment, financial aggregates for March 2011, published on Fri.. read more

Monthly metrics adverse for NAB

National Australia Bank experienced a loss of market share in three key market segments in February and March 2011, but made gains in two, monthly data compiled by the Australian Prudential Regulati.. read more

Interest margins help lift inflation

The margin management of banks on home loans in late 2010 played a part in lifting the most common measure of inflation in Australia to above three per cent in the March 2011 quarter. read more