Starting with institutional investment and an eventual IPO is an excellent start for turning Kiwibank into a meaningful disruptor, David Cunningham Squirrel Mortgages chief executive says.
Reserve Bank licensed deposit taker Xceda is starting to broaden out its loan products offering. MORE »
Start of rate-cutting cycle provides promising signs for New Zealand equities MORE »
Passive investing revolutionised the investment management industry, which up until its advent, had been dominated by active fund managers who would generally employ market timing or security selection strategies aimed at outperforming the ‘market’. MORE »
The government has given Kiwibank's parent, Kiwi Group Capital, and the Treasury the green light to raise up to $500 million from institutions including KiwiSaver funds ahead of an eventual public float. Once the capital is raised it could allow Kiwibank to lend up to an extra $10 billion to home buyers or $4 billion to businesses.
ANZ Group has announced its long-serving chief executive, Shayne Elliott, will retire and be replaced by international banking executive Nuno Matos.
While mortgage lending grows most borrowers are shying away from long term fixed rates as the Reserve Bank indicates it has more OCR cutting to do.
As New Zealanders prepare for a quintessential Kiwi summer, SMEs will be gearing up for what they hope will be a busy holiday period.
The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.
Treasury’s latest survey on insurance shows apartment and other multi-unit buildings (MUB) owners have borne the brunt of rising premiums.
Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.
| SBS FirstHome Combo | 4.89 |
| Heartland Bank - Online | 5.49 |
| Unity First Home Buyer special | 5.49 |
| Co-operative Bank - First Home Special | 5.69 |
| TSB Special | 5.69 |
| Nelson Building Society | 5.75 |
| Kiwibank Special | 5.79 |
| Unity | 5.79 |
| Kainga Ora | 5.79 |
| ICBC | 5.79 |
| AIA - Go Home Loans | 5.79 |
| Heartland Bank - Online | 5.39 |
| AIA - Go Home Loans | 5.49 |
| SBS Bank Special | 5.49 |
| Westpac Special | 5.49 |
| ASB Bank | 5.49 |
| Unity | 5.55 |
| ICBC | 5.59 |
| Kainga Ora | 5.59 |
| Kiwibank Special | 5.59 |
| TSB Special | 5.59 |
| Co-operative Bank - Owner Occ | 5.59 |
| Westpac Special | 5.59 |
| BNZ - Classic | 5.59 |
| ICBC | 5.59 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| AIA - Go Home Loans | 5.79 |
| ASB Bank | 5.79 |
| Kainga Ora | 5.89 |
| BNZ - Std | 5.89 |
| Kiwibank Special | 5.89 |
| AIA - Back My Build | 4.94 |
| SBS FirstHome Combo | 4.94 |
| CFML 321 Loans | 6.20 |
| CFML Home Loans | 6.45 |
| Co-operative Bank - Standard | 6.95 |
| Co-operative Bank - Owner Occ | 6.95 |
| Heartland Bank - Online | 6.99 |
| Kiwibank | 7.25 |
| Kiwibank Special | 7.25 |
| Kiwibank - Offset | 7.25 |
| TSB Special | 7.39 |
Former head of Vega mortgages moves to adviser group.
Loan Market makes fifth new appointment in six months.
The former chairman of the Member Advisory Committee (MAC) – mortgage and lending at Financial Advice NZ is now a board member.
The KiwiSaver pot grew by $7 billion to $117.6 billion in the third quarter of this year with QuayStreet, Milford and Generate highlighted as some of the strong performers over the long term.
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems.
Generate KiwiSaver makes another investment into private equity.
Meaningful difference seen as coming from Kiwibank’s capital raise; Profit for specialist lenders falls again
Starting with institutional investment and an eventual IPO is an excellent start for turning Kiwibank into a meaningful disruptor, David Cunningham Squirrel Mortgages chief executive says. [READ ON]
For the second year in a row profit for non-bank lenders has fallen. [Check out what KPMG says]