Media Releases
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
Media Releases
Regional Banking Hubs to launch in November
- A trial of Regional Banking Hubs to test the demand for basic banking services in regional communities will begin in November. The trial, which includes ANZ, ASB, BNZ, Kiwibank, TSB and Westpac, will run in four regional centres: Twizel, Martinborough, Stoke and Opunake. Three of the sites will have community partners, who will host the... Read more »
Media Releases
Guidelines to help banks serve customer needs launched
- The New Zealand Bankers’ Association today launched guidelines to help banks serve customer needs. “The guidelines are designed to help bank staff deliver good customer outcomes. They build on the banking industry’s work following the Bank Conduct and Culture Review in 2018. They also reflect the Financial Markets Authority’s expectation that banks will serve customer... Read more »
Media Appearances
Business Desk - Labour promises to extend interest free loans, regulate card fees
- “We look forward to seeing the detail of what’s being proposed in this complex area. We’d be happy to engage in any consultation that results from this policy proposal,” said Roger Beaumont, chief executive of the NZ Bankers’ Association.
Media Releases
Code of Banking Practice translations now available
- The Code of Banking Practice is now available in six other commonly used languages the New Zealand Bankers’ Association announced today. “We wanted to make the Code more widely available, and that includes to people who don’t speak English as their first language. That’s why we’ve translated the Code into te reo Māori, Samoan, Tongan,... Read more »
Media Appearances
- As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks’ non-performing loan ratios when the deferral scheme eventually ends
- The deferred loan figures come from the New Zealand Bankers’ Association (NZBA). For consumer lending these show 88,558 customers making reduced loan repayments on loans valued at $27.5 billion. Another 61,063 customers had deferred payments on all loans to the value of $20.9 billion. These consumer lending figures, as of July 31, cover home loans, personal lending, credit cards and... Read more »
Media Appearances
NZ Herald - Prime Minister’s office intervened after Health Ministry closed bank branches in Auckland
- New Zealand Bankers’ Association Roger Beaumont said that the Ministry of Health’s order for August “did not technically allow banks to open branches to serve customers”.
Media Appearances
Interest.co.nz - As the banks begin offering mortgage deferrals of up to a year, we play around with some numbers for illustrative purposes – with illuminating results
- The New Zealand Bankers Association says since March 26, when New Zealand first went into lockdown, banks have deferred all repayments on consumer loans totalling around $21 billion for over 61,000 customers. That represents 7% of total consumer lending.
Media Appearances
NZ Adviser - Changes to business lending scheme receive mixed response
- The New Zealand Bankers’ Association has welcomed the government’s latest changes to the Business Finance Guarantee Scheme as they support the supply of credit to businesses in need.
Media Appearances