BNZ lifts first-half net profit 80%
Like the other major banks, BNZ has fattened its net interest margin, but not by as much.
Fattening bank margins at odds with RBNZ's low rate policy
Bank profits should fall when interest rates are falling but two of New Zealand's largest banks, ANZ Bank NZ and Westpac, are reporting improved profitability.
ANZ lifts net profit 18% on covid write-backs
ANZ Bank NZ is the latest bank to report fattening net interest margins despite the very low interest-rate environment.
Recent mortgage borrowers are vulnerable: RBNZ
The Reserve Bank will employ further tools, such as loan-to-value ratio restrictions, if necessary.