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Impaired assets more than doubled at TSB Bank in New Zealand over the six months to September 2009. Over 12 months impaired assets multiplied more than threefold, to NZ$5.3 million. read more

The quarterly disclosure statement for the New Zealand business of ANZ highlights the more aggressive approach that the bank has taken in the local home loan market. read more

A couple of Australian mortgage funders have found opportunities in New Zealand's damaged finance company sector. read more

The New Zealand Treasury has introduced flexibility in its Retail Deposit Guarantee Scheme by allowing institutions to offer both guaranteed and non-guaranteed debt securities. read more

The anticipated consolidation in New Zealand's finance sector took the first major step as the small, unprofitable but listed Allied Farmers announced a debt for equity swap over the finance assets of.. read more

The RBNZ is planning a review of the disclosure regime for banks in the wake of inconsistencies in the way banks report their financial results in Australia and in New Zealand. read more

The Reserve Bank of New Zealand expects problem loans to peak by mid to late 2010 with improvement in asset quality expected to lag the expected economic recovery significantly. read more

While the RBNZ sounded generally upbeat on the outlook for the banking sector, it was once again cautious on the non-bank sector and reiterated its view that some companies in this sector will face cl.. read more

New Zealand banks seem geared to meet the Reserve Bank's new prudential liquidity policy with improvement in wholesale funding conditions also coinciding with a lengthening of maturity profile of fund.. read more

Westpac provided clearer data than other banks on the rising stress in its lending portfolio, and the trends in a couple of pockets of the bank's business are rather stark. read more