tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Get your tickets to the Mindful Money ethical investment awards CLICK HERE Dismiss
Last Article Uploaded: Monday, June 27th, 9:50PM

Mortgages

Mortgage Rates Daily Commentary
Thursday 23 June 2022  Add your comment
New dealer group option; Your networking event and product launch invite

Mortgage advisers have a new dealer group option to consider. [READ ON]

 

Be part of the next big leap in small business lending.

Networking event and product launch

Here’s your opportunity to attend a unique and exciting networking event that will give you a glimpse into the future of small business lending.

As Prospa reaches 10 years of being in business and 3 years in NZ, you are invited to come and celebrate with the team at Prospa NZ. You'll hear from Prospa co-founder Beau Bertoli, about the exciting journey so far and his views on where Prospa's next big leap will take them as they launch their brand new Line of Credit to the NZ market.

You'll get exclusive insights into product details, sales tips and commission structures to help you grow your own business when you partner with Prospa, plus the chance to win a special door prize.

Launch functions will be held in Christchurch on July 5 and Auckland on July 6.

REGISTER HERE - numbers are limited

 

Register Now
rss
Latest Headlines

TSB grows profits and mortgage book; HSBC's profit more than doubles

Locally-owned TSB Bank continued to grow both profits and its mortgage book during the March quarter while the British-owned HSBC continued to run down its mortgage book while profitability more than doubled.

Monday, June 8th 2009, 6:00AM

by Jenny Ruth

TSB's net profit for the three months rose 13.4% to $9.3 million, taking its net profit for the year ended March to $42.9 million , up 9% from the previous year.

Its charge against profit for impairment losses rose from $1.36 million December 31 to just over $3 million at March 31.

TSB's mortgage book grew by $40.5 million to $1.91 billion during the latest three months. Using Reserve Bank figures as a proxy for the market, that kept its market share steady at 1.2%.

TSB's loans with loan-to-value ratios (LVRs) below 80% accounted for 89.3% of its mortgage book. A further $62.9 million of mortgages are government-backed Welcome Home Loans, up from $50.8 million at December 31.

HSBC's profit after tax jumped 51.8% to $13.4 million in the quarter. Including "other comprehensive income" such as cashflow hedges and available-for-sale financial assets, the bottom line was $13.1 million, up from $4.4 million in the same quarter last year.

Its charges against profit for impaired loans rose to $3.2 million from $2.5 million in the year-earlier quarter.

HSBC's mortgage book shrank to $1.11 billion at March 31 from $1.16 billion at December 31 and $1.31 billion in March 2008. HSBC's loans with LVRs below 80% accounted for 91.6% of its total mortgage book.

 

« Mortgage rate commentary: Little actionEconomists divided on next move for interest rates »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 5.95 4.85 5.35 5.65
ANZ 5.94 ▲5.95 ▲6.40 ▲6.59
ANZ Blueprint to Build - - - -
ANZ Special - ▲5.35 ▲5.80 ▲5.99
ASB Bank 5.85 ▲5.35 ▲5.80 ▲5.99
Avanti Finance 5.95 - - -
Basecorp Finance 6.95 - - -
Bluestone 5.89 7.49 8.09 8.19
BNZ - Classic - ▲5.35 ▲5.69 ▲5.99
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Std, FlyBuys 5.94 ▲5.95 ▲6.29 ▲6.59
BNZ - TotalMoney 5.94 - - -
CFML Loans 6.45 - - -
China Construction Bank 5.50 5.40 6.14 6.40
China Construction Bank Special - 4.45 5.19 5.45
Co-operative Bank - First Home Special - 4.75 - -
Co-operative Bank - Owner Occ 5.85 4.85 5.35 5.65
Co-operative Bank - Standard 5.85 5.35 5.85 6.15
Credit Union Auckland 5.95 - - -
First Credit Union Special 5.85 4.95 5.45 -
Heartland Bank - Online 4.10 ▲4.40 ▲4.90 ▲5.10
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.10 5.00 5.75 -
HSBC Premier 5.89 4.39 5.15 5.39
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.25 4.39 5.09 5.45
Kainga Ora 5.43 4.57 5.58 5.85
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 5.50 ▲6.19 ▲6.69 ▲6.79
Kiwibank - Offset 5.50 - - -
Kiwibank Special 5.00 ▲5.19 ▲5.69 ▲5.89
Liberty 4.84 - - -
Lender Flt 1yr 2yr 3yr
Nelson Building Society 6.45 ▲5.55 ▲6.15 -
Pepper Money 4.49 - - -
Resimac 6.19 5.60 6.16 6.29
SBS Bank 5.79 5.05 5.69 5.89
SBS Bank Special - 4.55 5.19 5.39
Select Home Loans 4.09 4.29 4.86 5.09
TSB Bank - ▲5.65 5.79 ▲6.45
TSB Special ▲4.89 ▲4.85 4.99 ▲5.65
Unity 5.65 4.95 5.55 -
Wairarapa Building Society 5.74 4.95 5.75 -
Westpac 5.94 ▲5.95 ▲6.29 ▲6.59
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.94 - - -
Westpac Special - ▲5.35 ▲5.69 ▲5.99
Median 5.85 5.05 5.69 5.99

Last updated: 27 June 2022 8:43am

Previous News

MORE NEWS»

News Bites
Compare Mortgage Rates
Compare
From
To
For

To graph multiple lenders, hold down Ctrl key while clicking in list box

Also compare rates to OCR
Find a Mortgage Broker

Add your company

Use map
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com