About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Friday, February 21st, 6:02PM
Mortgage Rates Daily Commentary
Friday 21 February 2020  Add your comment
What will happen to insurance premiums under the new regime?

Improved industry standards could stabilise insurance premiums under the new financial advisers regulatory regime, according to one industry expert: [READ ON]

rss
Latest Headlines

ANZ staff drive solid result

Like the BNZ, ANZ has described its results for the 12 months to September 30 as “solid”.

Friday, October 31st 2014, 5:33PM 1 Comment

While BNZ chief executive Antony Healy noted growth in the lending markets as one of the highlights, ANZ chief executive David Hisco attributed it to the bank’s frontline staff, even though some staff are taking industrial action at the moment.

Hisco said very few of the bank’s staff belong to First Union which is taking the action.

He said “the bank is not a partnership”. It had to earn a return for its shareholders on the $10 billion worth of capital invested in the company.

ANZ’s return on equity “was nothing special,” he said.

ANZ lifted its annual earnings 17% in the 12-month period. Cash profit rose from $1.43 billion to $1.68 billion. Statutory net profit climbed 25% to $1.71 billion.

Operating income increased 7% to $3.76 billion, while expenses fell 2% to $1.46 billion.

Hisco also said that the integration of National Bank into the business was helping performance.

“We have continued to reduce duplicated costs and build a simpler, more productive business following our National Bank and ANZ brand merger in late 2012.”

Hisco said ANZ had seen market share growth in lending and deposits, cost productivity and credit quality improvements.

It was now the number one residential lender in Auckland and Christchurch, markets normally dominated by ASB and Westpac respectively.

« Co-operative Bank loses court battle over brandingLVR restrictions to stay for some time »

Special Offers

Comments from our readers

On 12 November 2014 at 8:19 am Ricardo said:
Open note to Mr Hisco. As a customer of your bank, and bearing in mind your massive pay and now massive payrise and overall bank profits, please pay your staff a decent rate and stop flogging them to death. It might be all roses at your level, but your workers are putting in longer hours with associated stress and as a customer it shows.

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 3.95 4.15 4.49
ANZ Special - 3.45 3.65 3.99
ASB Bank 5.20 3.89 4.05 4.39
ASB Bank Special - 3.39 3.55 3.89
Bluestone 4.44 4.44 4.29 4.34
BNZ - Classic - 3.49 3.55 3.89
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
Lender Flt 1yr 2yr 3yr
China Construction Bank Special - 3.19 3.19 3.19
Credit Union Auckland 5.95 - - -
Credit Union Baywide 5.65 4.75 4.75 -
Credit Union North 6.45 - - -
Credit Union South 5.65 4.75 4.75 -
Finance Direct - - - -
First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.65 4.80 -
HSBC Premier 5.24 3.54 3.20 3.69
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 3.97 4.05 4.39
Kiwibank 5.15 4.20 4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.45 3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Lender Flt 1yr 2yr 3yr
Pepper Money Near Prime 5.64 - 5.44 5.44
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.45 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.39 3.55 3.89
Sovereign 5.30 3.89 4.05 4.39
Sovereign Special - 3.39 3.55 3.89
The Co-operative Bank - Owner Occ 5.15 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
Lender Flt 1yr 2yr 3yr
TSB Bank 6.09 4.19 4.35 4.69
TSB Special 5.29 3.39 3.55 3.89
Wairarapa Building Society 5.50 3.95 4.05 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.39 3.55 3.99
Median 5.34 3.96 4.09 4.39

Last updated: 21 February 2020 4:32pm

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
 
Site by Web Developer and eyelovedesign.com