Media Appearances

Newsroom - Government loan scheme leaves ‘awkward middle’

May 1, 2020 - New Zealand Bankers Association (NZBA) chief executive Roger Beaumont said industry feedback had led to the changes and he welcomed Treasury simplifying some rules.

NZ Herald - Covid 19 coronavirus: Government to provide $100,000 interest-free loans to businesses

May 1, 2020 - “We welcome Treasury simplifying their scheme rules, as a result of industry feedback. We hope this means more customers are able to participate in the scheme for their longer-term needs.”

NZ Herald - Covid 19 coronavirus: Government hastily changes loan scheme as Treasury conditions come under fire

May 1, 2020 - NZBA chief executive Roger Beaumont issued a statement saying the scheme was a risk sharing one and that if a borrower defaulted, the banks were required to take steps to recover the money.

Newsroom - Full Govt guarantee needed for business loans

May 1, 2020 - The New Zealand Bankers Association said banks had lent businesses $5.9 billion in new loans since March 26. These are loans outside the BFGS because the final deed on the scheme was signed two weeks after the official announcement was made.

NZ Herald - Covid 19 coronavirus: More than 100,000 Kiwis taking mortgage relief

April 30, 2020 - More than 100,000 households are now seeking some form of mortgage relief, according to the latest data from the New Zealand Bankers Association. New figures show 49,821 borrowers have deferred all loan payments under the six month mortgage holiday scheme.

NBR - Covid-19 loan scheme for SMEs a flop

April 29, 2020 - In making loans under the Business Finance Guarantee Scheme the banks were bound by the terms set by the Treasury, Bankers Association chief executive Roger Beaumont said. “The rules require banks to have customers provide security for loans under the scheme. Banks are responsible lenders. The loans are not intended to fail, which is why... Read more »

Stuff - Coronavirus: Spraying a bit of cash around will help tackle Covid-19 disruption – but not yet, economist says

April 24, 2020 - “However, banks have quite independently loaned $6.9 billion to business customers in the four weeks since March 26.”

Newshub - Coronavirus: Banks accused of refusing to lend money to tourism businesses desperate for finance

April 23, 2020 - Banks say they’re here to help but can’t help every business in every sector. “If the business case doesn’t stack up or isn’t justifiable, well that’s when it gets really hard and really challenging,” said New Zealand Bankers’ Association chief executive Roger Beaumont.

RNZ - Covid-19: Banks boost loans to small, medium businesses

April 23, 2020 - The Bankers’ Association said so far $28.9 billion worth of new loans or restructured loans had been agreed with close to 36,000 customers.

TVNZ - Banks lend more than $6.3 billion to businesses to help them survive lockdown

April 21, 2020 - As businesses around the country race to prepare for life under Covid-19 Alert Level 3, 1 NEWS can reveal since the lockdown started banks have lent more than $6.3 billion to businesses.