BNZ mortgage adviser share grows as lending rises $4.9 billion
Mortgage advisers have increased their share of BNZ's home loan book, despite the bank maintaining a strong focus on its proprietary lending channel.
Mortgage advisers have increased their share of BNZ's home loan book, despite the bank maintaining a strong focus on its proprietary lending channel.
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| AIA - Go Home Loans | 4.00 |
| Unity First Home Buyer special | 4.15 |
| SBS FirstHome Combo | 4.29 |
| ICBC | 4.49 |
| Kainga Ora | 4.59 |
| SBS Bank Special | 4.69 |
| China Construction Bank | 4.85 |
| Co-operative Bank - First Home Special | 4.89 |
| ASB Bank | 4.99 |
| BNZ - Std | 4.99 |
| ANZ Special | 4.99 |
| Kainga Ora | 4.95 |
| China Construction Bank | 4.95 |
| ICBC | 4.99 |
| SBS Bank Special | 5.29 |
| Westpac Special | 5.29 |
| BNZ - Std | 5.35 |
| AIA - Go Home Loans | 5.35 |
| ANZ Special | 5.35 |
| ASB Bank | 5.35 |
| Kiwibank Special | 5.39 |
| TSB Special | 5.39 |
| SBS Bank Special | 5.49 |
| ICBC | 5.65 |
| Kainga Ora | 5.69 |
| AIA - Go Home Loans | 5.75 |
| Westpac Special | 5.75 |
| BNZ - Std | 5.75 |
| ASB Bank | 5.75 |
| Co-operative Bank - First Home Special | 5.89 |
| Kiwibank Special | 5.89 |
| TSB Special | 5.99 |
| China Construction Bank | 5.99 |
| SBS FirstHome Combo | 3.29 |
| AIA - Back My Build | 3.34 |
| SBS Construction lending for FHB | 3.79 |
| CFML 321 Loans | 4.20 |
| ICBC | 5.39 |
| Co-operative Bank - Standard | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| Kainga Ora | 5.79 |
| Pepper Money Prime | 5.99 |
| Unity Special | 6.04 |
| Unity Standard | 6.04 |
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A number of active KiwiSaver providers have failed to fire in the past year, while passive management has come to the fore.
Sharesies KiwiSaver offering was marginally cash-flow-positive in the year ended March but its general manager says the focus is still on growth and enhancing its products.
KiwiSaver advisers who are reviewing their clients’ investments on an annual basis probably aren’t serving them as well as they could, the founder of an AI business says.
BNZ profit dips and margins fall
BNZ reported its annual profit yesterday - interestingly it chapioned that 59% of its mortgage book came through its bank distribution channel.
This is the overall make up of the book.
What was not disclosed (and we have asked for) is the flow numbers. That is how much business came from advisers v branches in the financial year.
[FOR MORE DETAILS READ ON HERE]