Banks’ high LVR lending sailing closer to RBNZ’s limit

Banks’ high LVR lending sailing closer to RBNZ’s limit
ANZ NZ and ASB have had to temporarily pause high LVR lending. (Image: Getty)
Jenny Ruth
The banks are sailing much closer to the Reserve Bank of New Zealand’s limit on mortgage lending to those with less than a 20% deposit than they did before RBNZ tightened the restriction last year.So close have ANZ NZ and ASB Bank come, that they’ve had to temporarily suspend such lending.Previously, RBNZ had restricted lending to owner-occupiers with less than a 20% deposit to no more than 20% of each bank’s new lending, but it tightened that to no more than 10% of new lending from Nov 1.Because observing such restrictions ar...

More Finance

No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025
BNZ preserves margins on flat half-year
Finance

BNZ preserves margins on flat half-year

BNZ outranks its Australian cousins for customer preference.

Pattrick Smellie 07 May 2025
Westpac's NZ net interest margin expands again
Finance

Westpac's NZ net interest margin expands again

Net interest margins rose in NZ, but shrank for the group as a whole.

Pattrick Smellie 05 May 2025