Kiwibank increased lending by 8.8% in the year to June, according to KPMG’s latest banking report, despite a tough period for the nation’s banks.

Brian Greer, the chief executive of Loan Market New Zealand, is stepping down from his role at the adviser business. 

The Reserve Bank is expected to keep the OCR on hold this week, but could highlight the growing chance of a negative central bank rate. 

Work resumes on the review, which was delayed while the Reserve Bank dealt with the challenges of covid.

Requiring New Zealand’s financial sector to report on its climate change risk has been welcomed by ratings agencies.

A formal warning given to a financial adviser in May who recommended all clients urgently move their investments to low-risk funds was intended to send a message to the industry about the Financial Markets Authority’s expectations.

Prospa Group has appointed Ross Aucutt as its new Chief Financial Officer.

Kiwibank says it is on track to roll out its mortgage adviser proposition and Covid-19 has not delayed it.

Heartland Group's New Zealand reverse mortgage book grew by nearly 10% in the last financial year, as older Kiwis tap into home equity to boost their retirement income. 

Mortgage Express has hired Ken Cochrane, a former banker at Westpac, as an adviser in Otago.

Stewart Financial Group has been ordered to pay a former employee $2,000 in costs for Employment Relations Authority proceedings it subsequently withdrew.

Salt beefs up its team with the appointment of a former AMP Capital manager.