New Zealand Bankers’ Association boss Kirk Hope said Islamic mortgages were likely to be a niche product, and was not surprised banks had not yet taken an interest.
Financial Markets Authority
Reserve Bank of New Zealand
CEO of the New Zealand Bankers’ Association Kirk Hope says that profit was helped by an increase in lending and fewer bad loans.
Bankers’ Association chief Kirk Hope says there are few times when a bank can legally divulge your information: “You’ve got compulsion by law, a public duty to divulge the information, or where a bank has to disclose information to protect its own interests, for example in a court case. Or where the customer agrees to it, for example letting their information be used for marketing purposes.”
New Zealand Bankers’ Association chief executive Kirk Hope said: “The Australian courts have so far ruled that none of the fees targeted by the action are unreasonable. For bank customers these fees are also avoidable”.
The New Zealand Bankers’ Association today welcomed Russell McVeagh as its latest affiliate member.
“We are very pleased to have Russell McVeagh, one of New Zealand’s leading commercial firms, join us as an affiliate member,” said New Zealand Bankers’ Association Chief Executive Kirk Hope.
“This move demonstrates Russell McVeagh’s commitment to the banking industry in New Zealand.”
Russell McVeagh Finance Partner Deemple Budhia said, “We’re very pleased to join the voice of the banking industry in New Zealand as an affiliate member, and look forward to supporting its objectives for a strong and stable banking system that benefits New Zealanders and the economy.”
“This membership formalises our very longstanding relationship with NZBA and its members, and we look forward to being an active contributor to this highly regarded organisation.”
Financial Markets Authority
Incoming NZBA chair Anthony Healy said, “Our banks are rated as the most sound in the world and we look forward to a productive year with the Association and its members, and continuing meaningful engagement with stakeholders.”