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Westpac's profit plunges as charges for bad loans soar

Old Mortgage News

Westpac's profit plunges as charges for bad loans soar

Westpac New Zealand's March quarter net profit fell 75% as charges for bad loans soared but its mortgage lending rose strongly.

Mon, Jun 29th 2009 03:30PM

ANZ's bottom line drops, but interest income up

ANZ's bottom line drops, but interest income up

Bank defends its pricing of mortgages

Bank defends its pricing of mortgages

Mortgage Watch: TSB flavour of the week

Mortgage Watch: TSB flavour of the week

BNZ mortgage book grows, profit falls

BNZ mortgage book grows, profit falls

2 min read

ANZ profit falls; mortgages sold to new branch

ANZ profit falls; mortgages sold to new branch

2 min read

Feeble attempt to lower floating rates

Feeble attempt to lower floating rates

2 min read

Dollar, rates jump after Bollard leaves rates unchanged

Dollar, rates jump after Bollard leaves rates unchanged

2 min read

Banks should disclose profit margins: Bawden

Banks should disclose profit margins: Bawden

2 min read

TSB grows profits and mortgage book; HSBC's profit more than doubles

TSB grows profits and mortgage book; HSBC's profit more than doubles

1 min read

Economists divided on next move for interest rates

Economists divided on next move for interest rates

2 min read

Mortgage rate commentary: Little action

Mortgage rate commentary: Little action

2 min read

Kiwibank continues explosive growth; ASB profit drops

Kiwibank continues explosive growth; ASB profit drops

2 min read

Mortgage watch: Banks still not budging

Mortgage watch: Banks still not budging

2 min read

Bollard slashes rates and says they will stay low

Bollard slashes rates and says they will stay low

2 min read

NAB says BNZ home loans book grew $500m in first half

NAB says BNZ home loans book grew $500m in first half

1 min read

50 pt rate cut predicted

50 pt rate cut predicted

2 min read

Economists agree OCR cut coming

Economists agree OCR cut coming

2 min read

Kiwibank grabs market share as Aussie banks shut shop

Kiwibank grabs market share as Aussie banks shut shop

3 min read

HSBC's profit jumps despite bad loans ballooning

HSBC's profit jumps despite bad loans ballooning

2 min read

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Jenny Ruth

Stories written by multiple reporters.

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