- May 17, 2022 03:57 PM NZST
Highlights Westpac economists are predicting the forecast OCR peak of 3.5% by the end of 2021. Westpac released its 4th and 5th independent reviewer reports on 17 May. ANZ will pay an interim dividend of 72cps on 1 July 2022 with attached impu...
- May 11, 2022 02:44 PM NZST
- May 09, 2022 04:41 PM NZST
ANZ, WBC: Banking stocks in focus as ANZ half-yearly profits soar
- May 04, 2022 03:32 PM NZST
The banking sector is the backbone of any economy. New Zealand has 27 registered banks with 4 large Australian-owned banks responsible for 85% of bank lending. Month of May is significant as two major banks declare their half-year’s financ...Read More...
ANZ, HGH, WBC: 3 stocks in focus as NZ targets top Russian banks
- April 21, 2022 03:23 PM NZST
- Jasmine Anand
Highlights NZ imposes new sanctions against the Russian central bank and top financial institutions Australia and New Zealand Banking Group commences new JV with Worldline Heartland Group Holdings gets BBB as long-term issuer default ratings ...Read More...
ANZ: WBC: Bank stocks in news as profits soar in last 3 months of 2021
- April 13, 2022 04:57 PM NZST
Highlights Bank profits soared in last three months of 2021, according to a recent report Cost-cutting, reduction in bad debt and increased mortgage lending have led to that However, banks could be up for challenging times ahead Banks' pr...Read More...
WBC, ANZ, HGH: 3 banking stocks in news as RBNZ may avoid big rate hikes
- April 12, 2022 04:30 PM NZST
Highlights Inflation is rising high in New Zealand There is also a chance of subdued growth in NZ The RBNZ is expected to take a cautious stance in the monetary policy review on Wednesday Most economists expect a 25 bps raise in the OCR ...Read More...
ANZ, WBC: 2 banking stocks in focus as home loan rates jump
- April 04, 2022 06:03 PM NZST
Highlights State-owned Kiwibank has hiked interest rates charged on different home loan terms. This follows the RBNZ raising OCR on 23 February. With this, the Central Bank is confident that housing prices will become more sustainable. St...Read More...
ANZ to WBC: 3 NZX stocks on watchlist as banks increase mortgage rates
- March 31, 2022 07:50 PM NZDT
ANZ to WBC: 3 NZX stocks on watchlist as banks increase mortgage rates Highlights Banks have been raising their home loan rates after the RBNZ lifted the OCR on 23 February 2022. ANZ lifted its fixed home loan rates above market levels t...Read More...
What led to a 73% jump in Rabobank NZ’s annual profit?
- March 30, 2022 05:23 PM NZDT
Highlights Rabobank NZ registered a 73% rise in its annual profit on pcp in 2021. A surge in income, the release of impairment and growth in lending, helped the bank in delivering profit. Rabobank remains optimistic about the rural sector's lo...Read More...
WBC, ANZ, HGH: 3 banking stocks in news amid rate hike reports
- March 22, 2022 08:27 PM NZDT
Highlights Recession and inflation both are likely to co-exist in NZ. The RBNZ is likely to take a cautious stand in its upcoming monetary policy review. Kiwibank chief economist expects only 25 bps raise in the OCR. There are contradicto...Read More...
WBC, ANZ- 2 banking stocks to focus as NZ banks amass profits in 2021
- March 13, 2022 12:05 AM NZDT
- Jasmine Anand
Highlights New Zealand’s banks garnered profits worth over NZ$6 billion, despite battling the COVID-19 pandemic. Westpac Banking sells its NZ life insurance business for NZ$400 million. Australia and New Zealand Banking Group to integrat...Read More...
ANZ,HGH &WBC: 3 NZX banking stocks as interest rates set to soar
- March 08, 2022 07:16 PM NZDT
Highlights According to an ANZ report, the central bank is set to hike the OCR rapidly. The OCR set to peak by April next year. Bank lending rates will be impacted. All banking stocks down after this report. ANZ, New Zealand’s bigg...Read More...