Captain Orr keeps the wheel; BNZ reports $1 bill + profit and more
Tuesday, November 8th 2022, 9:39PM
Lots of news today.
Heartland says its online home loans were also affected by the recent CCCFA changes, and more recently by a slowdown in house sales. However, the refinance market is attractive and a book size in excess of $400 million by the end of FY2023 is targeted.
BNZ pulls in a billion dollar profit, meaning three banks have reported a combined profit of close to. $4.5 billion in the past week and a half.
Adrian Orr is steering the good ship RBNZ for five more years. Some passengers aren't happy. [Read on]
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