Mortgage Rates Daily Commentary
Wednesday 1 April 2026
Big newsletter today: Top mortgage advisers; BNZ's new switching play; KAN dobs in adviser to FMA
With so much going on this is a much bigger newsletter than usual.
First up a big congrats to Josh Bronkhorst for being recognised by FANZ for his long involvement with financial advisers and helping to grow professionalism in the industry.
Also a shoutout to NZFSG/Loan Market for their work in community support.
You can read more about their awards and others who were recognised at last week's FANZ conference here.
BNZ has started a new game to win mortgage switches. We'd love to know you thoughts on this.
Read the story here.
Send us an email here.
The FMA has cancelled the FAP Licence of a mortgage adviser after being dobbed in by KAN. See what he did here.
Kiwibank grows home loan market share
Kiwibank says its home loan book was affected by the slowing housing market but it still managed to increase market share in the December quarter and net profit for the three months was up 35% from the same quarter a year earlier.
Tuesday, March 25th 2008, 6:36AM
by Jenny Ruth
Kiwibank's mortgage book grew $240 million to $4.23 billion in the three months, taking its market share from 2.97% at the end of September to 3.05% at the end of December, using Reserve Bank figures on loans by registered banks secured by housing as a proxy for the market.
That compares with 2.28% in December 2006. Part of the increase reflects about $600 million in AMP-branded mortgages acquired from HSBC Bank.
Net profit for the three months rose to $11.2 million from $8.3 million in the year earlier quarter, taking the bank's six month profit to $22.7 million, up 31.4%.
Kiwibank says its retail deposits grew $392 million in the latest six months and its Online Call accounts by $189 million, reflecting uncertainty in the financial sector.
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