The biggest issue facing the surviving finance companies now is winning back the trust of their investors, says John Kensington, a partner at accounting firm KPMG.

The actual amount of capital non-bank deposit-taking institutions (NBDT) with credit ratings now have to hold is likely to be half as much again as banks, even though the nominal minimum for both banks and non-banks is the same at 8% of total assets, says accounting firm KPMG.

Finance companies surveyed by KPMG cut costs dramatically and lifted their interest margins by nearly two percentage points in the latest year.

The last of the banks to lodge its GDS, community-owned TSB Bank grew its mortgage book by $52.8 million to $2.29 billion in the three months.

Broadlands Finance's strategic shift towards commercial lending was part of Standard & Poor's rationale for cutting its credit rating from "BB-" to "B" earlier this month.

SBS Bank's mortgage book resumed growth in the September quarter but its share of the mortgage market eased.

Broadlands Finance's September half-year accounts will show a dramatically improved position from March 31 because of the different attitude to assessing impaired loans taken by its new auditor.

Bank of New Zealand's mortgage book grew at nearly twice its market share during the September quarter while its profitability also improved dramatically.

Those with floating rate mortgages needn't be in any hurry to move to a fixed rate after Reserve Bank governor Alan Bollard left interest rates unchanged and signalled any increases will be much less than projected even three months ago.

Electricity and gas lines company Powerco seemed to be bucking the trend when it announced it was replacing a maturing bond sold to retail investors with bank debt.

In a further sign of the times, finance company Savings & Loans has all but shut up shop, having repaid all its debenture holders last week and withdrawing its prospectus.

Reserve Bank governor Alan Bollard won't be raising rates this week and the weak housing market, developing drought and the Euro crisis mean it's becoming increasingly more likely he'll wait until well into next year before hiking again, economists say.

Westpac continues to grow its mortgage book at a faster rate than its market share although its momentum is slowing.

Dorchester Pacific has landed an own goal with its low-ball offer to buy back notes issued as part of its rescue plan earlier this year.

[Updated] ANZ Bank's share of the mortgage market continued to slide in the September quarter although a marked drop in charges for bad loans boosted profitability.

Fisher & Paykel Finance has experienced a revival in demand in the securitisation market in recent months, although it still isn't back to pre-crisis levels, says managing director Alastair Macfarlane.