“Each bank will have their own credit policies and approach to providing assistance. It’s important for affected customers to talk to their bank as soon as possible. That gives banks the best chance of offering assistance.”
Author: Philip vanDyk
Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
RBNZ and bank lobby group NZBA have issued a joint statement in response to mounting concerns about the health and economic impacts of the global coronavirus outbreak.
Banking sector prepared for responding to COVID-19
New Zealand banks are ready to respond to the impacts of coronavirus, the Reserve Bank of New Zealand and New Zealand Bankers’ Association say. The COVID-19 outbreak has the potential to impact the operations of New Zealand’s banking sector by affecting banks’ staff, their funding and their customers. The Reserve Bank has asked all banks… Read more »
Finance Minister Grant Robertson urges banks to keep lending to even their more ‘challenging’ dairy farming customers
The New Zealand Bankers’ Association is urging those affected by coronavirus to talk to their banks.
Help for debt-stricken farmers
New Zealand Bankers’ Association chief executive Roger Beaumont says there is a recognition it’s in everyone’s best interest for a farmer to have up-to-date business and financial plans.
Consultation document: Review of Financial Markets Authority funding and levy
Financial Markets Authority
Finance Minister Grant Robertson says New Zealand is in a strong position to respond to the impacts of coronavirus
Bank lobby group the New Zealand Bankers’ Association says businesses and individuals financially affected by coronavirus should talk to their bank.
Indebted farmers offered $6000 to receive financial advice
“It’s not a concern about any significant uplift in farmers in distress. No bank wants to see any business fail. To put it into perspective, there are about 52,000 farms and there are fewer than 10 mortgagee sales a year,” Beaumont said.
Coronavirus affected customers urged to talk to their bank
The New Zealand Bankers’ Association is encouraging businesses and individuals financially affected by coronavirus (Covid-19) to talk to their bank. “We’re aware that some businesses, particularly small to medium sized ones, are being financially impacted by this unfolding global issue. The same may apply to individual customers working in sectors directly affected. Banks can offer… Read more »
New fund for farmers struggling financially now running
Beaumont said the independent advice would help inform conversations between the farmer and their bank.
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