How profitable are New Zealand’s banks?

How profitable are New Zealand’s banks?
New Zealanders see bankers as self-satisfied fat cats. (Image: Corrections)
Pattrick Smellie
New Zealand is a good country in which to run a bank.The numbers tell us that, although not the same numbers as most of the popular outrage about bank profits are looking at.The fact that ANZ’s NZ arm racked up an annual net profit above $2 billion for the first time doesn’t say anything about its profitability other than that it is a very large business.“I think we all agree, having a really strong, stable banking system is really important to NZ,” the BNZ’s chief executive, Dan Huggins, said yesterday after the b...

More Finance

Smaller lenders eye prudential requirements in RBNZ review
Finance

Smaller lenders eye prudential requirements in RBNZ review

NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.

Andy Macdonald 10 Oct 2025
Cost-benefit issues in spotlight amid RBNZ review
Finance

Cost-benefit issues in spotlight amid RBNZ review

The Reserve Bank of NZ had received 42 submissions to the review.

Andy Macdonald 09 Oct 2025
ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

Andy Macdonald 08 Oct 2025
ASB settles CCCFA class action for hefty $135.6m
Finance

ASB settles CCCFA class action for hefty $135.6m

 It ended a four-year class action centred on disclosure obligations.

Andy Macdonald 07 Oct 2025