Finance

ANZ has filled its boots with mortgages for 10+ years

Jenny Ruth
Thu, 12 May 2022

ANZ has filled its boots with mortgages for 10+ years
ANZ now holds 70% of its loans in mortgages. (Image: Getty)
Jenny Ruth
Thu, 12 May 2022
Mortgages used to make up a little more than half the balance sheets of the big four New Zealand banks but that has changed dramatically in the last decade, mostly because of ANZ Bank NZ's huge increase in mortgage lending.It's the biggest of the four, with total lending of $146.12 billion at March 31, of which $102.8b was mortgages, as shown in the note on loans and advances to customers in its latest disclosure statement.The next largest bank is the Commonwealth Bank of Australia-owned, ASB Bank, with total lending of $102.15b at Dec...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

My Net Worth FREE
My Net Worth: Zac Stephenson, managing director, MediaCom
Daniel Dunkley | Sun, 03 Jul 2022

MediaCom managing director Zac Stephenson says he's proud of surviving in the media industry, which can be stressful and intense. 

Finance FREE
Money Answers: what's the best share investing strategy in a recession?
Frances Cook | Sat, 02 Jul 2022

Spreading your money through good quality companies, then leaving it alone for a few years is the boring but most likely way to build wealth for most of us. 

On the Money
On The Money: Air NZ's feeding frenzy, Kerry Prendergast's movie date, and more
Pattrick Smellie | Sat, 02 Jul 2022

In this week's OTM: Greg Foran's preference for pies, Kerry Prendergast's future at the film commission, a blast from the past from Enable Networks, and more...

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.