Latest news and insights on banking and finance in Australia and New Zealand, as delivered in the daily 7am Banking Day email news service (subscribe or take out a free trial).
- ANZ results at a glance
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01 May 2013 7:18amANZ made a net profit of A$2.95 billion for the six months to March 2013 – up just one per cent on the previous corresponding period, but up seven per cent on the previous half. » read more »
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ANZ targets market share growth in Australia
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01 May 2013 7:16amANZ achieved growth above system in mortgage lending, household deposits and business lending in Australia during the six months to March 2013. And growth in market share in its traditional Australian banking business was one of the highlights of its interim results.
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Bank gains New Zealand share
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01 May 2013 7:15amANZ New Zealand's interim results show it gained share in the fast growing Auckland mortgage market over the last six months, fending off attempts by rivals to grab customers unsettled by the merger of the ANZ and National brands in October. » read more »
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Business lending has stalled, again
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01 May 2013 7:14amBusiness lending was flat in March, month on month, after falling 0.2 per cent in February, and growth in business lending over the 12 months to March 2013 was just 1.6 per cent.
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- Banque Populaire quits BOQ holding
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01 May 2013 7:14amBanque Populaire Group sold its stake in Bank of Queensland for A$268 million, the Wall Street Journal reported. » read more »
- Cheques: the end is nigh
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01 May 2013 7:13amCheques could be a thing of the past by the end of this decade, the Australian Payments Clearing Association says in a report on the development of the digital economy. » read more »
- Briefs: Hanover Finance escapes SFO charges, NZBA criticises macro-prudential proposal
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01 May 2013 7:12amHanover Finance escapes Serious Fraud Office charges; New Zealand Bankers Association criticises Reserve Bank's macro-prudential proposal. » read more »
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Qilu files overdue accounts
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30 April 2013 7:01amQilu Bank, a regional lender in Shandong in China, in which the Commonwealth Bank owns a 20 per cent stake, has returned to the black after writing off 2.3 billion renminbi (A$354 million) in losses from an earlier lending fraud. » read more »
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Queensland is Australia's bankruptcy capital
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30 April 2013 7:00amQueensland is Australia's bankruptcy capital. It was the only state or territory to record an increase in bankruptcy numbers in the 2011/12 financial year, and its ratio of bankrupts is much higher than anywhere else in the country.
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Industry bond not sticky enough for Tartan CU
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30 April 2013 6:59amTartan Credit Union, one of the few remaining mutuals with a bond to industry, has proposed a merger with Select Credit Union in Sydney. » read more »
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CEFC may write financing contracts before July
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30 April 2013 6:59amThe newly created Clean Energy Finance Corporation is likely to enter contracts for financing deals even before July 1, when the first of its A$10 billion in funding becomes available. » read more »
