All NZ banks met their capital requirements over the previous two years. Costs of capital broadly in line with initial estimates. No evidence of financial market disruptions.
March 20, 2024Mutual banks will be allowed to issue a new MET1 capital instrument, providing them more capital raising flexibility.
July 11, 2023The RBNZ expects banks to continue to be prudent in determining the appropriate size of dividends paid to their shareholders.
June 3, 2022Mutual banks are currently unable to issue CET1 capital instruments, making it difficult for them to raise loss-absorbing capital, restricting their lending growth, and impairing their ability to compete.
March 18, 2022The RBNZ is consulting on new rules for the instruments that make up a bank’s capital, and proposed actions it will take if banks breach prudential capital buffer requirements.
November 17, 2020The RBNZ will also consult on re-instating LVR restrictions, maintain dividend restrictions for banks, and launch a new facility to provide cheap funding for banks.
November 12, 2020New Zealand's big four banks will have to increase capital to 18% of RWAs, and smaller banks to 16% of RWAs. Seven years will be given to implement the changes.
December 6, 2019The RBNZ's financial stability report says it will bolster bank resilience with higher capital requirements and a “more intensive supervisory approach“.
November 28, 2019