Moody's sees pressure on NZ banks' profitability

Moody's sees pressure on NZ banks' profitability
Jenny Ruth
By Jenny Ruth Aug. 20 (BusinessDesk) - Moody’s Investors Service says slow credit growth, low interest rates and rising costs will weigh on the profitability of New Zealand banks in the next 12 to 18 months. That’s despite asset quality and capital remaining strong. “We expect GDP growth to moderate as slowing growth in New Zealand’s key trading partners is raising external risk, while a subdued housing market will dampen household consumption domestically,” says Daniel Yu, a Moody’s senior analyst. “Profit growth will also moderate...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025