Month: November 2022

Mixed reaction to Adrian Orr reappointment

“The banking industry worked closely with him in the early response to covid and was grateful for his support for banks to offer customers deferred or reduced repayments for around $70 billion in loans.”

Banks unfair?

Last year they made a direct contribution of $8.52 billion to the New Zealand economy by spending $6.12 billion running their businesses here and by paying $2.4 billion in tax. The total contribution is more than their combined profits.

Banks’ big profits ‘mean they have duty to help struggling borrowers

“Anyone experiencing financial difficulty should contact their bank to discuss their options. The sooner you talk to your bank, the more likely they’ll be able to help. Options could include lengthening the term of your loan, to reduce the amount of regular repayments. In some cases, temporarily moving to interest-only repayments may also be an… Read more »

Plea for banks to support families and businesses under serious stress

Bankers’ Association chief executive Roger Beaumont says the country’s banks are very conscious of the impact current economic conditions will have on many New Zealanders. Anyone experiencing financial difficulty should contact their bank to discuss their options.

Banks supporting households and businesses facing economic headwinds

In response to the Reserve Bank governor’s comments today about banks supporting households and businesses in the current economic environment, New Zealand Bankers’ Association chief executive Roger Beaumont says: “Our banks are very conscious of the impact current economic conditions will have on many New Zealanders. Anyone experiencing financial difficulty should contact their bank to… Read more »