Article tagged with 'Catherine McGrath'
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Westpac sped up mortgage lending three-fold in March half year
05 May 2025 - Westpac New Zealand sped up its pace of mortgage lending in the six months ended March, adding $1.51 billion in net new mortgages after growth of only a third of that in the previous six months ended September.
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Why was Westpac slow in passing on OCR cut?
28 Mar 2025 - Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.
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A deep dive into Westpac's results
15 Nov 2022 - Westpac reported an annual profit of $1.05 billion last week. Philip Macalister discusses the result with bank chief executive Catherine McGrath, and finds out how much business mortgage advisers are writing.
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Don't expect higher commission rates
15 Nov 2022 - Everyone acknowledges mortgage advisers are having to do more administration work in running their business, but the chances of a pay rise appear pretty much non-existent.