Month: September 2014

Helping hand for leaky homes

Banks have streamlined the lending process for apartment owners struggling to get loans for leaky building repairs.

Good management keeps banks strong

Banks are managing their businesses well and that helps support New Zealand’s economic growth said the New Zealand Bankers’ Association in response to KPMG’s Financial Institutions Performance Survey for the quarter to June 2014. The report showed a normalised increase in bank profits of 6.2 per cent for the quarter. “Profitability is an important part… Read more »

NZ best for setting up firms

New Zealand banks rated second most sound in the world, two years running.

House hunters risk financial ruin

New Zealand Bankers Association chief executive Kirk Hope said banks would consider a borrower’s servicing ability before agreeing to lend on a second home or offering bridging finance.