Month: April 2017

NZ banks urged to shake up retail practices

New Zealand banks, as well as their Bankers’ Association, say changes are already under way because of the Financial Advisers Act. 

Sharia finance a growing market but NZ banks not acting yet

Karen Scott-Howman said banks were constantly responding to customer preferences. “That’s certainly the case with mobile and internet banking. We’re not seeing that kind of demand for Sharia-compliant banking here.”

Westpac to chair New Zealand Bankers’ Association

Westpac chief executive David McLean has been elected chair of the New Zealand Bankers’ Association for 2017/18 and took on the role on 1 April. Kiwibank chief executive Paul Brock was elected deputy chair. David McLean says it’s a privilege to be elected chair and he is confident NZBA will continue to promote outcomes that… Read more »

Card skimming hits Rotorua locals

New Zealand Bankers’ Association chief executive Karen Scott-Howman said people should always take care when entering PIN numbers at ATMs.