Author: Philip vanDyk

Major NZ firm third to join NZBA

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Chapman Tripp will join Russell McVeagh and Buddle Findlay as law firm affiliate members, NZBA chief executive Kirk Hope revealed last week.

Why banks won’t pass on cost of new tax

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“New Zealand is an importer of capital – it’s not a new thing, we’ve always been like that and we will probably have to be for some time. So this is going to tax that more: it does mean extra costs. And any extra costs means, potentially, increased lending costs for businesses and consumers.”

New Zealand Bankers’ Association boosted by two new affiliate members

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The New Zealand Bankers’ Association today announced that Chapman Tripp and Visa New Zealand have joined the Association as its latest affiliate members. “We are pleased both Chapman Tripp and Visa have decided to formalise their relationship with the Association and are delighted to welcome them as affiliate members,” said New Zealand Bankers’ Association Chief… Read more »

Banking industry to work with LVR changes

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In response to the LVR changes announced today by the Reserve Bank, the New Zealand Bankers’ Association said that banks will work to meet the new obligations but warns that demand side initiatives are only one part of the solution. “We look forward to seeing more detail on the proposal and working with the Reserve… Read more »

Bankers: Big profits sign of good economy

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CEO of the New Zealand Bankers’ Association Kirk Hope says that profit was helped by an increase in lending and fewer bad loans.

How much will you get if the bank reveals your secrets?

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Bankers’ Association chief Kirk Hope says there are few times when a bank can legally divulge your information: “You’ve got compulsion by law, a public duty to divulge the information, or where a bank has to disclose information to protect its own interests, for example in a court case. Or where the customer agrees to… Read more »