Kiwibank’s annual net profit fell $7 million, reflecting both lower fee income and one-off gains in the previous year.
Two mortgage advisers and one bank executive were winners of awards at the Financial Advice New Zealand conference.
Declining house prices and low interest rates have improved housing affordability across New Zealand over the first half of 2019, a new report from Moody’s Investors Service shows.
The Commerce Commission has lost a bid to thwart peer-to-peer lender Harmoney’s appeal against regulatory proceedings.
Mortgage rates are unlikely to move in "lock-step" with future Official Cash Rate cuts and will only fall "slightly" from current levels, according to economists at ASB Bank.
Non-bank lender Avanti has reached a key milestone with its securitised debt which will create capacity for further lending.