.Kiwibank has reported a record net profit after tax of $202 million for the financial year ending June 30, 2024 (FY24). hubs.ly/Q02Ms4rr0 #RecordProfit #FinancialPerformance #BankingIndustry #BusinessSuccess

.Squirrel CEO David Cunningham has criticised the Commerce Commission's recent report on banking competition in New Zealand, arguing it fails to address key issues impacting consumers and mortgage advisers. hubs.la/Q02Mstly0 #BankingCompetition #MortgageAdvisers

Heartland Bank, in collaboration with the University of Auckland | Waipapa Taumata Rau, has launched the Geoff Ricketts Heartland Bank Scholarship to honour the memory of Geoff Ricketts. hubs.la/Q02MsvZ60 #Scholarship #EducationForAll #FinancialSupport

In a move to reinforce their commitment to providing support for its network of over 1,100 mortgage and insurance advisers, NZFSG has introduced several changes within their distribution team. hubs.la/Q02MCZ090 #FinancialAdvisers #BrokerSupport #MarketExpansion

.ANZ Aotearoa warned that New Zealand’s housing market remains sluggish and economic data mixed, signaling that the Reserve Bank's path to rate cuts will be heavily influenced by ongoing uncertainty in key sectors. hubs.la/Q02MCM_H0 #HousingMarket #PropertyInvestment

#BreakingNews: The Commerce Commission has concluded legal action against TSB and secured a $2.47 million penalty from the bank for historic breaches of the Credit Contracts and Consumer Finance Act. hubs.la/Q02MFZgs0 #FeeTransparency #FinancialRegulation #BankingNews

In New Zealand’s shifting property market, Vincent Capital remains a beacon of stability, having provided over $2 billion in residential development loans since 2017. hubs.la/Q02MG8qp0 #PropertyDevelopment #MarketInsights #LendingExpertise

NZ’s financial advising landscape is evolving, with brokers expanding beyond traditional lending as SMEs face economic challenges. Learn how Prospa supports advisers in meeting the growing demand for diverse financial services. hubs.la/Q02MG6bY0 #FinancialAdvisers

.Bank Of New Zealand has taken another critical step toward open banking becoming the first bank in New Zealand to meet a major milestone set by Payments NZ, an organisation that governs the country’s payments system. hubs.la/Q02MQhbt0 #OpenBanking #FinTech #Innovation #BankingIndustry

In the latest QV.co.nz CostBuilder quarterly update, building costs have largely stabilised, providing builders and developers with much-needed certainty in a post-pandemic environment. hubs.la/Q02MQhsn0 #ConstructionNZ #PriceStability #BuilderSupport #ProjectManagement

Mortgage brokerages across New Zealand have until Friday, August 30, to be part of the fourth annual Fast Brokerages. hubs.ly/Q02MR3Y_0 #FastBrokerages #BrokerageAwards #IndustryRecognition #BusinessSuccess

The latest Relationship Charter Survey showed that 92% of banks, 81% of insurers, and 94% of non-bank deposit takers rated their relationship with the Reserve Bank as “good” or “very good.” hubs.la/Q02MR3Hf0 #FinancialStability #EconomicResilience #FinancialPartnerships

Following a recent OCR cut, there are signs that buyers may be returning to New Zealand's property market, sparking optimism among real estate professionals. hubs.la/Q02NkVjj0 #PropertyMarket #OCRCut #Homebuyers #RealEstate

Following the Reserve Bank’s recent 25 basis point rate cut, mortgage delinquencies showed slight improvement in July, with 21,000 home loans reported as past due, down by 500 from the previous month, Centrix Group reported. hubs.la/Q02NkW3T0 #MortgageArrears

.Reserve Bank of NZ has opened consultations on the next set of standards under the Deposit Takers Act 2023 and an Issues Paper on the crisis management framework. hubs.la/Q02Nyh-H0 FinancialStability #BankingStandards #NZFinance #RegulatoryUpdates

The Auckland housing market is showing signs of renewed confidence as it enters August, setting the stage for a promising spring season. hubs.la/Q02Nymw80 #AucklandProperty #HousingMarket #RealEstate #MarketTrends

.Financial Markets Authority NZ has outlined its position ahead of it taking over responsibility for the CCCFA, a key piece of legislation that governs responsible lending. hubs.la/Q02NKVm20 #CCCFAReform #ResponsibleLending #NZFinance #MortgageIndustry

The latest ASB Bank Housing Confidence Survey revealed a significant jump in Kiwis expecting lower interest rates, with 20% now predicting a drop – the highest figure since October 2020. hubs.la/Q02NKVGB0 #HousingMarketNZ #PropertyTrends #RealEstateNZ #MarketFluctuations

Two mortgage advisers that have worked with New Zealand mortgage group Vega have shared their case studies about how they helped their self-employed clients get on the first wrung of the property ladder. hubs.la/Q02NVVV90 #SelfEmployed #FirstHomeLoan #MortgageAdvisers

.CoreLogic NZ’s Home Value Index (HVI) showed that property values across New Zealand fell by 0.5% in August, marking the sixth consecutive monthly decline and a total drop of 3.7% since February. hubs.la/Q02NVW9M0 #PropertyMarket #HousingTrends #RealEstate