Articles tagged with 'SBS'
ANZ, BNZ rate cuts; FMA warns on licensing
12 August 2019 - It's an action-packed Monday. Plenty of rate cuts to report this morning and from over the weekend. ANZ has made cuts across its fixed rate range,...
SBS cuts rates; OCR set to fall
5 August 2019 - Over the weekend, SBS Bank introduced a series of rate cuts for its shorter term fixed offerings. Its special 1-year, 18 month, and 2-year rates are now...
More SBS rate cuts; Warning on regulation
8 July 2019 - SBS has made more mortgage rate cuts this morning, slashing 1-year, 18-month, and 2-year rates. Check out the bank's new offers here: [READ ON]...
SBS and TSB rate cuts; FHBs overtake investors
1 July 2019 - Some rate cuts to report this morning. Over the weekend SBS Bank cut its two-year special, and this morning, TSB has cut its two-year products. See how...
SBS changes its broker model
9 June 2019 - SBS Bank is changing the way it distributes home loans through advisers which will see it slash the number of brokers it deals with.
Small banks fire warning on capital requirements
23 May 2019 - Four smaller banks have warned that the Reserve Bank's new capital proposals could inadvertently widen the competitive gap between them and the big four.
SBS general manager moves to HSBC
12 March 2019 - Martine Milicich, a senior banker at SBS responsible for retail distribution, has left the Southland lender to join HSBC.
Sub-4% rates over for SBS, TSB
17 December 2018 - Two smaller banks have followed the big four in ending their sub-4% special rates, as mortgage rates creep up to more normal levels.
SBS changes commission structure
26 October 2018 - Invercargill-based bank SBS has scrapped volume-based commission and changed its remuneration model for advisers, as lenders respond to Australia's Sedgwick report.
SBS grows lending book, but with less aggression
29 May 2018 - SBS Bank chief executive Shaun Drylie explains the banks latest profit result, what it's doing with mortgage advisers and his thoughts on the current state of the housing market.
Mortgage People founders launch online brokerage
18 April 2018 - The two industry veterans behind Mortgage People, Carey Brunel and Glenn Christie, have launched a new online mortgage adviser and price comparison site.
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.
SBS offers 10-year bond
2 October 2017 - SBS has launched a new 10-year capital bond.
SBS eyes partnership with mortgage advisers
1 August 2017 - The bank says around a third of its business now comes from advisers and chief executive Shaun Drylie gives his views on commission models.
Warehouse offloads Money
24 July 2017 - The Warehouse is to sell its financial services division to SBS and Finance Now for $18 million.
SBS eyes 'partnership' with mortgage advisers
14 July 2017 - The bank says around a third of its business now comes from advisers and chief executive Shaun Drylie gives his views on commission models.
SBS produces the goods
20 June 2017 - SBS is the latest bank to report its annual results and it's a goodie with a record annual profit [Read On] ...
SBS produces record result
20 June 2017 - SBS Bank’s result for the financial year to 31 March 2017 includes its strongest ever net surplus of $27.4 million, up 37% from $20.0 million the previous year.
SBS makes a couple of changes
29 May 2017 - SBS has today made a couple of 10 basis point increases to its home loans in the mid-length terms. Also this week expect to see the Invercargill-based...
SBS raises floating rate
29 March 2017 - SBS Bank has raised its floating rate to 5.79%. This change is effective immediately for new loans and comes into effect for existing loans in a month's...
Banks to clamp down on cashbacks
10 February 2017 - Advisers may find it a lot tougher to get their clients cash back this year as banks clamp down on sweeteners.
Tufui wins top SBS award
29 November 2016 - SBS Bank national manager intermediaries, James Tufui has won the inaugural Wayne Evans Excellence in Leadership Award. It is an internal bank award for...
SBS grows and adjusts commission levels
29 November 2016 - SBS Bank has reported a 49% increase in its net profit, for the first six months of the year and that has been helped by its move in the mortgage broker market.
Banks already introducing tougher rules for property investors
20 July 2016 - [UPDATED - ANZ position added] Three banks, and Sovereign, have introduced tougher new LVR rules for property investors.
SBS records growth in a "difficult" year
24 June 2016 - SBS Bank has reported its operating surplus for the year to March 31 has increased 6% from $26.1 million to $27.7 million.
SBS appoints former ASB exec as its new CEO
14 June 2016 - Former ASB executive Shaun Drylie has been appointed as SBS's new group chief executive, following the sudden death of Wayne Evans earlier this year. “Shaun’s...
SBS interim boss named
15 January 2016 - SBS have announced its interim chief executive.
SBS chief exec dies
7 January 2016 - Wayne Evans, Group CEO of SBS Bank, died suddenly yesterday afternoon, of natural causes. “Wayne was a vibrant and respected leader of our organisation,"...
SBS offers a home loan rate under 4%
23 November 2015 - SBS Bank is offering a special one-year fixed home loan rate of 3.99%. This offer, which is available for a limited time, coincides with SBS Bank’s brand...
Amazing. A 3.99% home loan rate
23 November 2015 - To mark a rebranding one bank is offering a one-year home loan rate of 3.99% More details here. ...
Lawyer appointed to bank board
29 July 2015 - SBS has appointed Dunedin-based lawyer Anne McLeod to its board of directors.
No surprises in Reserve Bank's move
23 July 2015 - Little surprise followed the Reserve Bank’s OCR cut this morning - and further cuts are now generally expected to come this year.
Today's yield curve
15 June 2015 - Today we have compared standard home loan rates from five lenders. The results are interesting.
SBS changes; ASB hikes commission rates
4 May 2015 - SBS has today rolled out a 5.35% special rate for two, three and five year fixed home loans. These are for for new customers with at least $100K...
SBS finds the big home loans in Auckland
27 February 2015 - SBS Bank’s push into the Auckland market, with the use of mortgage advisers, is starting to pay off.
