SBS Bank has reported its operating surplus for the year to March 31 has increased 6% from $26.1 million to $27.7 million.
“In a somewhat difficult financial year we have achieved significant growth – especially in wealth management, consumer finance, insurance and residential lending sectors which is meritorious given the extremely competitive market,” SBS chairman John Ward said,
SBS Bank regulatory capital increased to $270.1 million for the year (up from $265.6 million last year) with retail deposits $2...MORE»
Wednesday, June 22nd, 10:51AM
New Zealand’s high level of mortgage lending has been in the spotlight recently and commentators are warning that’s for good reason.MORE»
Friday, June 17th, 10:53AM
An Auckland woman and a number of her relatives and associates have been found guilty for the involvement in an extensive mortgage fraud scheme.
TMM Online last week asked mortgage advisers what they thought about the idea of a new association to represent all the various disciplines. Here's what people are saying.MORE»
The former head of Kepa Home Loans, Heather Royle, has criticised the group's planned fee increases to its mortgage advisers and changes it is making to its membership agreement.MORE»
ASB has joined Westpac, BNZ and ANZ in making it tougher for overseas purchasers to get a home loan.MORE»
The Institute of Financial Advisers and the Professional Advisers Association have told members they plan to create a new organisation: Financial Advice New ZealandMORE»
The Reserve Bank governor Graeme Wheeler says the LVR restrictions introduced by the bank have been "very successful".MORE»