Saving borrowers money
With a $500 million capital injection, Kiwibank says it can save New Zealanders $1.5 billion by having more aggressive pricing, better terms and better turnaround.
Kiwibank chief executive Steve Jurkovich told Parliament’s finance and expenditure committee’s inquiry into banking competition, being “maverick” means being independent and driving a lot more competition against the big four Australian-owned banks.
If Kiwibank’s growth of 9% a year – more than twice that of the big four banks – continues Jurkovich...MORE»
Interest rates with a four in front not far away – SquirrelThursday, December 19th, 9:26AM
Mortgage interest rates should fall back and settle somewhere between 4.5% and 5% next year. MORE» |
DTIs will start affecting borrowers by the middle of next yearWednesday, December 18th, 9:20AM
Debt-to-income (DTI) rules are not far off playing a bigger part in the mortgage market. MORE» |
Lower mortgage rates not a one way street
ASB has warned mortgage borrowers, interest rate markets are volatile and can change quickly and being aware of the risks is an important part of choosing a mortgage strategy.
MORE»Advice Link gears up for growth
Advice Link has appointed an experienced general manager to spearhead growth in the adviser sector.
MORE»Mortgage borrowers better off by $9,000 on average
OCR cuts have had a big effect for new mortgage borrowers.
MORE»[TMM Podcast] Your weekend listen; An update on the housing market
Competition is real - ANZ
ANZ says it is building a nimble and agile banking system to stay relevant when innovative financial technology companies are popping up to provide stiff competition in niche areas.
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