“Only 3 per cent of New Zealand credit card holders pay the minimum each month,” he said. “That’s compared to 13 to 14 per cent in the US and UK. More than half of New Zealanders who have credit cards pay off their balance in full each month, while only a third in the US… Read more »
Month: November 2014
Bank of China granted NZ licence
New Zealand Bankers’ Association chief executive Kirk Hope says the association welcomes the Bank of China as the latest participant in the New Zealand banking industry.
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 »
Update of Guidance Note: Effective Disclosure Consultation Paper
Financial Markets Authority
Government credited with improving bank profits
Hope says the profits are result of the government’s “prudent fiscal management”, which has kept New Zealand’s economy strong. “It’s probably a preferable outcome to the opposite, which is what we’re seeing in Europe, where there is continued malaise, businesses are unable to get lending to help grow the economy and there are real problems.”
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