Three independent experts were ‘lukewarm’ about changes, but the central bank proceeded with relaxing the requirements.
The central bank wants fair capital settings to support a ‘sustainable’ economy and manage the risk of failure.
Profits up, margins tighter as Kiwibank focuses on business startups and entrepreneurs in need of a financial injection.
CEO Vittoria Shortt champions higher lending growth across small business, commercial, and the rural sector in New Zealand.
The investment platform reported a 104% jump in assets last year, driven by $1.3b in net applications.
CEO Steve Jurkovich is bullish about the bank’s prospects as it gears up for another big year in 2026.
Parent company Kiwi Group Capital decides to hit pause after the RBNZ’s capital requirement changes.
Lender processing times have blown out as cashback offers prompt widespread switching by borrowers between banks.
Dentons partner David Ireland says Whimp’s own words show Chance Voight ‘quacks like a duck’, although some information is still lacking.
ANZ has downplayed the changes, while ASB says they are ‘significant’ for sector and lenders.