Mortgage News

Competition keeps the squeeze on margins

Tuesday 2nd of May 2000

Interest margins have continued to decline for financial institutions, thanks to intense competition for mortgage lending and the need to lure investors with attractive deposit rates.

KPMG's latest annual survey of New Zealand financial institutions, released yesterday (Tuesday), reported a weighted average interest margin of 2.45 per cent for the registered banks. That’s down from 2.58...

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