Kiwibank, ASB gain in 2025's mortgage wars while ANZ loses
As the first-half results from Kiwibank and ASB Bank suggested, both gained significant mortgage market share through calendar 2025, while New Zealand’s largest bank was the biggest loser.
The Reserve Bank’s bank financial strength dashboard showed Kiwibank accounted for more than 13.5% of total net new bank mortgage lending in the December quarter of 2025 and for more than 12.4% in the calendar year.
Kiwibank’s net new mortgage lending grew by $860.5 million in the December quarter and by $2.69 billion in calendar 2025.
That meant its market share rose...MORE»
New brand and direction for large mortgage advice businessTuesday, March 3rd, 9:19AM
New brand and diversification for mortgagehq. MORE» |
Lending slashed in January as borrowers rushed for new deals in DecemberMonday, March 2nd, 3:46PM
Mortgage lending slumped by a huge 57.1% to $6 billion in January after rising to a record $14.1 billion in December off the back of the major banks’ short-lived 1.5% cashback incentives, the latest Reserve Bank data shows. MORE» |
Kiwibank accelerated mortgage lending in its first half
The Reserve Bank’s new bank capital rules mean that Kiwibank can lend about $20 billion more in home loans or $7 billion more to businesses through to June 30, 2028 than it would have been able to under the previous capital rules.
MORE»AI isn’t the end of mortgage advisers – it’s about empowerment
While AI is coming for mortgage advice, the real question is whether the industry is leading it or reacting to it.
MORE»RBNZ squashes fintech Dosh’s bid to become a bank
Fintech Dosh’s bid to become a bank swiped left by the Reserve Bank blocks banking innovation.
MORE»ASB joins low deposit Kāinga Ora scheme with some benefits
Mortgage advisers can now use ASB for clients buying a home under the Kāinga Ora First Home Loan scheme.
MORE»RBNZ expects slower house price growth in the current recovery
The Reserve Bank thinks house prices will rise at a much slower pace during the current recovery than they have in past cycles.
MORE»