Bankers’ Association chief executive Kirk Hope said he was not aware of the issue or of any difficulties Bitcoin start-ups had with banks.

First-home buyers are finding it easier to get a home loan as a slowing housing market prompts retail banks to drum up new business. The Bankers’ Association said that was due in part to banks having better control over their loan books.

“Cash contributions are one way that banks compete for customers. In this environment banks will continue to work very hard to retain and attract customers. That’s good news for households and consumers,” said Kirk Hope.

Ministry of Business, Innovation and Employment

The banks argue KiwiSaver means Kiwis win when they do.