NZ banks may need to borrow NZ$40 bn offshore

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

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

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

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

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

Rabobank NZ warns of dairy losses

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

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

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

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