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Westpac NZ Cuts Floating And Six Month Fixed Mortgage Rate

Westpac NZ Cuts Floating And Six Month Fixed Mortgage Rate
Wellington, Sept 14 NZPA - Westpac New Zealand is cutting one of its variable home loan rates to 5.69 percent per annum and its six-month fixed rate to 5.29 percent. The 5.69 percent variable rate is offered on its Choices Everyday Home Loan product and was previously 6.49 percent.

ASB Cuts Floating Mortgage Rate, Puts Up Some Fixed Rates

ASB Cuts Floating Mortgage Rate, Puts Up Some Fixed Rates
Wellington, Sept 4 NZPA - ASB is cutting its floating home mortgage rate by 0.65 percent to 5.75 percent and is increasing many of its fixed mortgage rates. The floating rate is the bank's lowest floating rate in more than 40 years.

Some Relaxation Seen To Mortgage Criteria

Some Relaxation Seen To Mortgage Criteria
Wellington, July 10 NZPA - Some relaxation seems to be under way to the tougher home lending criteria banks introduced as the world was gripped by financial crisis last year.

ANZ National's Institutional Division Steps Up

ANZ National's Institutional Division Steps Up
By Pam Graham of NZPA Wellington, March 6 NZPA - ANZ National Bank's institutional business, which includes its dealing room, has upped its earnings by 87 percent in volatile markets while the retail bank posted a loss.

ANZ Banking Group To Operate In Limited Capacity As Branch In NZ

ANZ Banking Group To Operate In Limited Capacity As Branch In NZ
Wellington, Jan 6 NZPA - Australian-incorporated Australia and New Zealand Banking Group has been registered as a bank in New Zealand and will operate in a limited capacity as a branch in this country, the Reserve Bank says.

BNZ Annual Underlying Net Profit Rises 9 Pct

Wellington, Oct 21 NZPA - Bank of New Zealand boosted underlying annual net profit by 9 percent to $657 million, but warned that provisions had increased for impaired loans.

ASB Tightens Mortgage Lending Criteria

Wellington, Oct 3 NZPA - ASB will "generally" expect home owners to have a deposit of 20 percent when seeking a mortgage on a house. ASB said it will still lend to some people with less equity if they have "very strong serviceability".

Clyne's New Paypacket In Melbourne May Approach $10 Million

Wellington, July 31 NZPA - Bank of New Zealand chief executive Cameron Clyne, 40, will take up his new role as head of Australasia's biggest lender, the Melbourne-based National Australia Bank at the start of next year.

SBS Records Second Highest Surplus In 139 Year History

Wellington, July 23 NZPA - Southland Building Society (SBS) tonight reported its second highest surplus in its 139-year history with net profit of $21.3 million . Chief executive Ross Smith said the result was "pleasing" in the current financial market.

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