Articles tagged with 'KPMG'
Bank profits plummet ... to $4.4 billion
24 February 2021 - New Zealand banks suffered a 27.57% drop in profits in 2020 because of Covid-19, but still made $4.4 billion, according to a new report published by KPMG.
Kiwibank sees lending rise: KPMG
23 September 2020 - Kiwibank increased lending by 8.8% in the year to June, according to KPMG’s latest banking report, despite a tough period for the nation’s banks.
Bank profits drop 20%
3 July 2020 - Bank profits plummeted by 20% in the three months to March, with the early impact of Covid-19 hammering the sector, according to a new report from KPMG.
Bank margins under pressure: KPMG
1 April 2020 - Bank margins are under pressure amid record low interest rates and lenders may not be able to cut mortgage rates much further, according to a new report from KPMG.
When will mortgage wars end?
19 February 2020 - Aggressive price competition for mortgages may come to an end soon as the Reserve Bank's new capital rules kick in, according to a report from KPMG.
FMA tackles green-washing
1 October 2019 - The Financial Markets Authority (FMA) wants providers to explain what makes their investment products "responsible".
Banks raise cheap wholesale funding ahead of Spring mortgage surge
11 September 2019 - Westpac and ASB Bank’s success at raising wholesale funds at low interest rates should help fuel competition through the traditionally active Spring mortgage market, says KPMG.
Record profit for banks, but mortgage rates could rise: KPMG
13 February 2019 - New Zealand’s banks made a bumper $5.77 billion profit last year, but could be forced to push up mortgage rates because of the Reserve Bank’s capital adequacy proposals, says KPMG.
Non-bank surge to continue: KPMG
17 December 2018 - Non-banks posted a 22.9% increase in net profit last year, according to KPMG's latest non-bank report. The advisory firm tips non-banks to grow further in 2019, as banks tighten up in the aftermath of the Royal Commission.
Mortgage brokers key channel for profit-surging banks: KPMG
19 September 2018 - Mortgage advisers are predicted to continue to be an important source of business for Kiwi banks as they soar to new heights of profitability.
Kiwi managers become more responsible
17 August 2018 - New Zealand fund managers doubled the amount of money they allocated to responsible investment strategies last year, according to a new study on environmental, social, and governance practices.
Small banks growth outpace big banks
18 July 2018 - New Zealand’s smaller banks have grown their lending books at a faster pace then their big four Australian-owned peers in the March quarter.
Bank profits under pressure - KPMG
18 July 2018 - The era of record setting profits for New Zealand banks looks to be over with a new report revealing they saw a significant decline in the last quarter.
KPMG: Small banks growing loan books at quicker rate
26 March 2018 - New Zealand’s small banks increased their lending at higher growth rates than the major banks in the three months to December, according to a new report from KPMG.
Non-bank sector booming
14 December 2017 - Advisers are increasingly beating a track to the doors of non-bank lenders who are benefitting from the tightening up of bank lending.
Decline in banking sector profits - KPMG
12 July 2017 - Bank profits dropped in the first part of this year – despite the housing loan driven growth of their loan books.
Volatility leads to tighter lending environment
16 February 2017 - Expect slower lending growth and rising interest rates this year as banks respond to developments in 2016, the latest KPMG Financial Institutions Performance Survey says.
Non-bank lender experience good growth
22 December 2016 - Innovation and additional product offerings are key areas of focus for the non-bank sector as they look to shore up growth in the face of ongoing disruption from P2P lenders.
