Banks 'welcome' prospect of an inquiry

Banks 'welcome' prospect of an inquiry
NZBA CEO Roger Beaumont said banks are competitive. (Image: Supplied)
Jenny Ruth
The banking industry is welcoming the National party’s call for a select committee inquiry into the sector, which follows earlier calls for the Commerce Commission to conduct a market study of banks.“Our banks operate in a competitive market. The industry would welcome the opportunity to discuss bank profits and the contribution banks make to support the New Zealand economy, households and businesses,” NZ Banking Association chief executive Roger Beaumont said.“There’s also legislation in the pipeline to help peopl...

More Finance

Growth in new home loans eases in H1 2025: NZ Banking Association
Finance

Growth in new home loans eases in H1 2025: NZ Banking Association

Growth in new home loans eases in H1 2025 as NZ emerges from difficult economic climate.

ANZ NZ continues to hold market-leading position: ANZ Group
Finance

ANZ NZ continues to hold market-leading position: ANZ Group

ANZ NZ holds market-leading position, continues re-platforming: ANZ Group 

ANZ alternate capital review proposal unveiled
Finance

ANZ alternate capital review proposal unveiled

The bank argues its proposal would cut borrowing costs by 11 basis points.

Five NZX stocks potentially ripe for M&A activity: Forbarr
Finance

Five NZX stocks potentially ripe for M&A activity: Forbarr

There are "core ingredients in what looks to be fertile ground for further M&A activity".