Media Appearances
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
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
Stuff - Bank profits cut nearly in half by Covid-19 economic crisis
- New Zealand Bankers’ Association chief executive Roger Beaumont said banks had taken on staff earlier in the year to cope with rising compliance costs.
Media Appearances
Stuff - Auckland banks shut doors – then open them – after level 3 confusion
- The New Zealand Bankers’ Association said banks had been informed that a Reserve Bank application to allow them to open had been declined and had shut their doors.
Media Releases
Banks welcome changes to business lending scheme
- The New Zealand Bankers’ Association today welcomed further changes to the government’s Business Finance Guarantee Scheme. “We think expanding the criteria should make it more relevant for businesses in need at this time,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “Changes that will help include extending the loan maximum from $500,000 to $5... Read more »
Media Appearances