New Zealand
MUFG Bank signs BTNZ as first client for green deposits product in New Zealand
MUFG Bank signs BTNZ as first client for green deposits product in New Zealand
The funds are used for green loans in clean transportation and green development.
Alternative payments inch closer to e-commerce domination in New Zealand
The growth of BNPL has pushed up adoption of alternative payments.
New Zealand card payments market to be valued $67.1b in 2026
On average, each NZ individual holds over three cards, GlobalData found.
New Zealand’s card payments market to rebound 10.3% in 2021
The market is expected to top $83.2b in four years’ time.
New Zealand’s expected interest rate hike to raise banks’ profits: Fitch
However, its impact on earnings may take some time to rise as mortgages are not yet due.
New Zealand banks' profits drop 20.4% in Q1
Lending remained strong in Q1 but recorded dramatic plunges in April and May.
Chart of the Week: New Zealand card payments to grow 2.2% annually through 2023
The pandemic will slow card payments adoption as consumers switch to online payments.
New Zealand banks will still be profitable despite lockdown: S&P
The earlier announced fiscal measures should provide ample support to banks.
NZ banks have ample buffers against pandemic storm: analyst
They come from a strong asset-quality position and have sound capitalisation.
New Zealand retail lending to hit $265.6b in 2023
Total retail loan balance outstanding is set to reach the same amount.
Chart of the Week: New Zealand proposes ambitious $9b bank capital buffers
The central bank is putting forward a prudential capital buffer of 9-10%.
New Zealand regulator sees no need for Australia-style banking inquiry
Even though the country’s four biggest banks are units of Australian lenders.
New Zealand's ASB enables contactless purchases via smartwatch
A partnership with wearable firm Garmin is set to provide on-the-go customers with the digital option.
BNZ profits up 17.8% to $490m in H12018
Sustained corporate and housing lending buoyed monthly revenues.
Scrutiny over Australian banks wrongdoing spill over to New Zealand
The regulator is talking with local lenders to ensure they are not caught up in Australia’s mess.
BNZ launches new 1-year fixed term interest rate
The new 4.39% per annum rate aims to give customers flexibility.
Impairment charges drops BNZ profit
Bank of New Zealand reports a 56% fall in first-quarter profit.
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