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31 Mar 2025

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Reserve Bank to review ‘unreasonably conservative’ capital requirements
The RBNZ, accused by banks of pushing up loan costs by being too conservative, will call in international experts to review its bank capital settings.

Kiwibank says cost of adviser business is marginal
The cost to a bank of using mortgage advisers to originate mortgages is marginal compared to the cost of running its own proprietary origination operation, according to Kiwibank chief executive Steve Jurkovich.

Orr resigns
Reserve Bank of New Zealand Governor Adrian Orr has resigned and will finish up in the role at the end of the month.

Live: Reserve Bank Governor Adrian Orr resigns
“I’m incredibly proud of the RBNZ’s people, our work and the impact of our mahi,” Orr said. Finance Minister Nicola Willis said: “I wish him well for the future”.

Bank turns off digital home loans
Heartland Group has decided to give up on its digital online-only home loan offering.

RBNZ cuts OCR by 50pb, signals further cuts sooner
As expected, the Reserve Bank cut its official cash rate (OCR) to 3.75% and signalled further cuts of up to 90 basis points this year but no cuts beyond that.

Did ‘extreme carbon taxes’ cost the All Blacks their Ineos shirt sponsor?
INEOS says high carbon taxes and ‘deindustrialisation’ contributed to its “cost-saving measures”, but experts are sceptical.

Bluestone’s mortgage book sold
Australian listed Challenger has bought non-bank lender Bluestone Home Loans New Zealand mortgage book for $597 million.

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.

Why was Westpac slow in passing on OCR cut?
Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.

2 Cheap Cars secures new finance facility with ANZ Bank
2 Cheap Cars Group Limited (NZX:2CC) is pleased to announce the execution of a new finance facility with its primary transactional banking partner, ANZ Bank

OCA - Oceania Syndicated Bank Facility Update
Oceania Healthcare Limited (NZX: OCA) is pleased to announce that it has extended the maturity of its bank debt facilities to three and five years and introduced a new lender to the syndicate with financial close to occur on 1 May 2025

Five key takeaways from Reserve Bank’s latest OCR decision
Reserve Bank Governor Adrian Orr expressed confidence in the economy’s direction, signalling the potential for further cuts throughout 2025.

Young people on back foot in retirement path - and retirement saving
The financial crunch is making it impossible for young people, setting up generational inequity, experts say

How banks make super profits off savings accounts
As potential new homeowners struggle with saving a decent deposit a mortgage adviser can put before a bank in a loan application, Squirrel Mortgages has taken a swipe at how much profit banks are making from savings accounts.

General Capital subsidiary General Finance update
General Capital Limited advises that its subsidiary General Finance Limited, a licensed Non-bank Deposit Taker, has uploaded its quarterly unaudited report for the quarter ended 31 December 2024 to the Disclose Register

CVT - AMENDED: Bank covenant waiver and trading update
Comvita confirms that its bank syndicate has a revised covenant package for its Q2 FY25 covenants (to be tested as at 31 December 2025). This date should have read 31 December 2024, as presented below