New Zealand’s non-banks faced increasing margin pressure in 2015, with decreased interest margin, additional compliance cost and front-end technological improvements.
One of the key themes from Financial Institutions Performance Survey (FIPS) Non-Banks 2015 was the emergence of peer-to-peer (P2P) lenders. There are now four P2P lenders licensed to operate in New Zealand. There has also been a high level of M&A activityacross the sector; with large deals involving GE Capital, Warehouse Money, and Fisher & Paykel (F&P) Finance.
Overall, the non-bank sector is optimistic about business opportunities heading into the 2015/2016 year.
Key findings from the survey reveal:
© 2019 KPMG, a New Zealand partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (KPMG International), a Swiss entity. All rights reserved.