ANZ still wary of inflation, employment as arrears lift

ANZ still wary of inflation, employment as arrears lift
CEO Antonia Watson is pleased with how customers are managing. (Image: Getty)
Paul McBeth
ANZ Bank New Zealand is still wary of resurgent inflation and job losses putting pressure on its borrowers, who are so far managing their way through the higher interest rate environment. The country’s biggest lender grew its mortgage loan book by 3% to $104.87 billion in the 12 months ended Sept 30 and increased its home loan accounts to 545,000 from 538,000, helping maintain its market share at 30.4%. ANZ’s NZ residential impairment charges increased to $235 million as at Sept 30 from $186m a year earlier, while res...

More Finance

FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025
Time ripe to stop forex fees confusion
Finance

Time ripe to stop forex fees confusion

Misleading 'fees free' foreign exchange deals are costing Kiwis.

Pattrick Smellie 22 Jul 2025
BNZ whistleblower wins $500k, fights on
Finance

BNZ whistleblower wins $500k, fights on

 Melissa Bowen had sought more than $3 million after she lost her job at the bank.

Victoria Young 18 Jul 2025