Media Releases

Media Releases

Protect yourself online this Christmas

- As part of International Fraud Awareness Week the New Zealand Bankers’ Association is urging consumers to stay safe online as we head into the festive season. “Now’s the time that people will be shopping for Christmas. If you’re shopping online there are some simple ways you can protect yourself from financial crime,” said New Zealand... Read more »
Media Releases

Take the plunge and get your money fighting fit

- The New Zealand Bankers’ Association is encouraging people to get their money fighting fit during Money Week which runs from 13 to 19 October. “Financial fitness is a lot like physical fitness. We know it’s good for us and can really improve our lives and how we feel, but sometimes it’s hard to take the... Read more »
Media Releases

Banks help leaky unit owners access funding for repairs

- Banks have agreed a streamlined process to help homeowners in multi-unit complexes to access loans to pay for work needed to remedy leaky building issues, the New Zealand Bankers’ Association announced today. The banking industry found that standard funding practices for building developments were difficult to apply in the case of repairs to multi-unit complexes... Read more »
Media Releases

Good management keeps banks strong

- Banks are managing their businesses well and that helps support New Zealand’s economic growth said the New Zealand Bankers’ Association in response to KPMG’s Financial Institutions Performance Survey for the quarter to June 2014. The report showed a normalised increase in bank profits of 6.2 per cent for the quarter. “Profitability is an important part... Read more »
Media Releases

New Zealand ready for FATCA

- New Zealand is now ready to comply with US tax law that aims to reduce tax evasion by US persons who have financial accounts outside the United States said the New Zealand Bankers’ Association today. The third reading of the Taxation (Annual Rates, Employee Allowances, and Remedial Matters) Bill today, in conjunction with an intergovernmental... Read more »
Media Releases

Banks’ performance highly rated

- A public opinion survey has found a high level satisfaction among bank customers, the New Zealand Bankers’ Association said today. The survey also measured perceptions of the banking sector’s strength and acceptable profit levels. Seventy-seven per cent of respondents were satisfied or very satisfied with their main bank, with only nine per cent dissatisfied or... Read more »
Media Releases

Beware online banking scams

- The New Zealand Bankers’ Association today encouraged people to be wary of online banking scams as part of Fraud Awareness Week 2014. “Online scammers are constantly thinking up new ways to trick people into handing over personal information,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Never give anyone your PIN or internet banking... Read more »
Media Releases

Loan shark law welcomed

- The New Zealand Bankers’ Association has welcomed the third reading of the Credit Contracts and Financial Services Law Reform Bill in Parliament last night. The law change aims to crack down on loan sharks and requires lenders to act with skill, care and diligence in all dealings with a borrower throughout the life of a... Read more »
Media Releases

US tax law to take effect in New Zealand

- New Zealand banks are moving to implement their obligations under the United States Foreign Account Tax Compliance Act (FATCA). The US law aims to reduce tax evasion by US persons using financial accounts outside the United States of America. It does so by requiring participating financial institutions around the world, including New Zealand banks, to... Read more »
Media Releases

Budget 2014: Sound economic management pays dividends

- The government’s sound economic management has begun to pay dividends said the New Zealand Bankers’ Association today in response to Budget 2014. “The Budget shows that the New Zealand economy is on the right track with a return to a small surplus in 2014/15 and then with surpluses forecast to increase moderately in future years,”... Read more »