Month: May 2017

New Zealanders reluctant to change to a new bank

Switching may be relatively low because New Zealanders rate their banks highly. This was reflected in Consumer NZ’s banking satisfaction survey last year, which found that 86 per cent of customers were satisfied with their bank.

The Budget reaction: commentators have their say

The government’s prudent financial management provides a solid grounding for the New Zealand economy, households and businesses, says the New Zealand Bankers’ Association today in response to Budget 2017. 

Prudent Budget supports growing economy

The government’s prudent financial management provides a solid grounding for the New Zealand economy, households and businesses, says the New Zealand Bankers’ Association today in response to Budget 2017. “There were no major surprises in today’s Budget. It builds on the government’s prudent approach to managing its finances and meeting our needs in a growing… Read more »

Fraud Week: Take care online

The recent global randsomware attack provides a grim reminder to protect yourself online, says the New Zealand Bankers’ Association in Fraud Week 2017. “The convenience of banking and shopping online means we sometimes forget that fraudsters are always looking for new ways to steal our money. The recent ransomware attacks around the world reminds us… Read more »

Aussie banks take a big hit after new tax

New Zealand banks operate in a different environment from those in Australia. Here we have strong and independent regulators, a very competitive banking sector and high levels of customer satisfaction.

Another bank closes

New Zealand Bankers’ Association chief executive Karen Scott-Howman said the way people banked had “changed hugely” in recent years. She said “only a fraction” of banking transactions were done in branches these days. “This means some branches no longer make commercial sense.”