Month: February 2023

Should it take a regulatory change for banks to issue emergency finance?

The New Zealand Banking Association in October submitted to the Ministry of Business, Innovation and Employment about introducing a permanent exemption to enable banks to provide customers with emergency credit in cases like natural disasters.

Funding partnership supports financial mentors and their clients

A report released today shows financial mentors and their clients are benefiting from a partnership between FinCap and the New Zealand Banking Association – Te Rangapū Pēke. The partnership, which is funded by NZBA’s member banks, provides $5 million over five years to fund initiatives that support financial mentoring for people in need. FinCap chief… Read more »

Banks supporting communities hit by Cyclone Gabrielle

New Zealand’s banks are offering a range of support to customers and communities affected by Cyclone Gabrielle, including making $1.4 billion available in low-cost lending and donating $6.5 million to disaster relief funds. “The impact of the Cyclone Gabrielle is devastating at every level. Banks are part of the communities that have been hit by… Read more »

Banks support CCCFA exemption for flood-affected customers

The banking industry supports the government’s recently announced affordability assessment exemption for customers affected by the recent damaging weather events. “Banks want to provide as much support as possible to those affected by the recent weather damage in the North Island,” says Roger Beaumont, chief executive of the New Zealand Banking Association – Te Rangapū… Read more »

Local banks refuse to work with Binance NZ

“Any decisions about new customers are based on the bank’s own policies and risk appetite, alongside their regulatory and legal obligations.”

NZBA announces new name

NZBA today announced it would be called the New Zealand Banking Association – Te Rangapū Pēke. It was previously known as the New Zealand Bankers’ Association. New Zealand Banking Association – Te Rangapū Pēke chief executive Roger Beaumont says: “We’re delighted to announce our new name, and that it includes our name in te reo… Read more »