Adviser's share of BNZ's new lending dipped in latest six months
Mortgage advisers accounted for slightly less of Bank of New Zealand's new mortgages in the six months ended March compared with the previous September half year , but adviser share of the overall portfolio continues to grow.
BNZ's first-half results showed that advisers accounted for 46.8% of new lending in the six months, down from 48.1% in the six months ended September but up on the previous first-half's 43.8%.
Advisers accounted for 36.3% of BNZ's home loans at March 31, up from 34.8% at Sept 30 last year and from 30.7% in September 2022.
The percentage of interest-only mortgages rose...MORE»
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