The Hong Kong & Shanghai Banking Corp's New Zealand branch's mortgage book continued to shrink during the June quarter but its profitability jumped sharply.

TSB Bank's June quarter profit jumped 25.6% despite charges for bad loans rising and its mortgage book grew at slightly more than its market share.

ASB Bank's profitability improved in the June quarter and its mortgage book grew at slightly more than its market share.

Reserve Bank governor Alan Bollard left interest rates unchanged, as widely expected, and softened his bias towards easing further.

With one notable exception, economists are unanimous that Reserve Bank governor Alan Bollard will leave interest rates unchanged on Thursday.

SBS Bank's June quarter net profit jumped 53.1%, partly reflecting higher non-interest income such as a big jump in loan fees, and its mortgage book grew strongly.

National Australia Bank-owned Bank of New Zealand has reported a bottom line third quarter loss due to losing its structured finance tax case recently but its mortgage book grew strongly.

ANZ Bank's New Zealand operations have seen their profits plunge as charges for bad loans jump and their share of the mortgage market continues to erode.

Westpac New Zealand’s net profit plummeted 84% in the June quarter as charges for bad loans continued to escalate and its mortgage lending growth slowed after a surge in the March quarter.

The government-owned Kiwibank's profitability and its mortgage book continued their break-neck pace of growth in the June quarter.

National Australia Bank-owned Bank of New Zealand is moving away from selling mortgages through mobile mortgage managers to relying on its branches to sell home loans.

The Spring marketing campaign has become a traditional part of the banking and mortgages landscape over the past few years.

Reserve Bank governor Alan Bollard left rates unchanged as expected but surprised many in the market by explicitly leaving the door open to further rate cuts if the New Zealand dollar remains strong.

Reserve Bank governor Alan Bollard is universally expected to leave interest rates unchanged but he may be concerned the market has already priced in several rate hikes during the first half of 2010.

A number of economists have been warning the boost to the housing market from the dramatic fall in mortgage rates through last year to March this year was always going to peter out.

Reserve Bank governor Alan Bollard is unlikely to change interest rates when he next reviews his official cash rate (OCR) on July 30.