Australian non-bank lender Bluestone has for the second time pulled out of the New Zealand market.

Mortgage advisers originated 71% of Kiwibank's new mortgages in the year ended June 30 and now account for about 35% of the total mortgage book, chief executive Steve Jurkovich says.

The Reserve Bank has opened consultation on deposit taker standards and crisis management.

Kiwibank grew its mortgage book at 2.7 times the rate for banks as a whole and says that's one of the reasons it is “fulfilling our role as a disruptor.”

Mortgage advisers are rejecting the Commerce Commission's recommendations that they should place more emphasis on price and that they should be submitting applications to multiple lenders for the same home loan.

Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.

Mortgage advisers should put greater emphasis on price while lenders need to improve and standardise their mortgage application systems, the Commerce Commission says.

ASB chief executive Vittoria Shortt tells TMM how much business advisers generate for the bank and why she isn't interested in chasing market share.

In 2019, BNZ launched BNZ KiwiSaver Scheme Navigator (Navigator), a tool for their bankers to use to help customers see what a difference small tweaks could make to their BNZ KiwiSaver Scheme investment.

New Zealand SMEs are adapting their financial strategies to stay afloat amidst mounting economic pressures.