Nearly $2b worth of ANZ mortgages overdue

ANZ NZ's Antonia Watson. (Image: NZME)

Wed, 08 May 2024

ANZ New Zealand's chief executive, Antonia Watson, has echoed rival Westpac, saying home loan customers are faring better than expected despite a jump in overdue payments.At the end of the first half of its financial year, roughly $1.95 billion of ANZ NZ’s residential mortgages’ repayments were overdue, compared to $1.57b at the same time last year.Within that, $659 million was at least 90 days overdue, up more than 42% on the first half of the past financial year.On Tuesday, ANZ NZ reported a 4% increase in its half-yearly cash...

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