Media Appearances
Media /
Media Appearances
Media Appearances
NZ Herald - Novopay victims given free overdrafts
- Retail banks across New Zealand have stepped in to help school staff financially affected by the Novopay debacle.
Media Appearances
TVNZ - Banks come to aid of school staff caught in Novopay debacle
- “The Christmas period’s a special period for families, so the banking industry wanted to help people who hadn’t been paid and take out some of the stress from this period for them,” said Kirk Hope of the New Zealand Bankers’ Association.
Media Appearances
Stuff.co.nz - Banks step up to Novopay challenge
- New Zealand banks are wading into the Novopay disaster to offer interest-free overdrafts to teachers and school staff running short on cash.
Media Appearances
3 News - New banking initiative offers ‘Novopay overdrafts’
- A new initiative ensures that teachers not paid, or underpaid, because of Novopay problems, aren’t hit by bank fees and interest charges.
Media Appearances
Radio NZ - Bankers respond to criticism over profits
- The Bankers Association commissioned Massey University’s Centre for Banking Studies to compare the return on shareholders’ equity for the banks, with those of the top 50 listed firms, between 2008 and 2012.
Media Appearances
Interest.co.nz - Bank lobby group says NZ bank profits in the middle of the pack when compared with major listed companies
- Bank lobby group the New Zealand Bankers’ Association (NZBA) says bank profitability, based on return on equity (RoE) over the past five years, comes in mid-table when compared with bigger sharemarket listed companies.
Media Appearances
Interest.co.nz - New Zealand will seek to negotiate tax information agreement with US over ‘FATCA’ law NZ banks had feared would cost them NZ$100 mln
- “It’s a useful step towards sorting out a very thorny and expensive compliance issue for us. We understand US moves to clamp down on tax evasion by Americans living around the world. But without an inter-governmental agreement, the US law’s provisions are virtually unworkable,” said Hope.
Media Appearances
NBR - Banks claw back profits
- Large profits in the banking sector needed to be considered alongside the contribution banks made to the economy, Mr Hope says. “Last year banks contributed around $6 billion to our economy through the $4.5 billion they invest in running their businesses here, and the $1.3 billion they paid in tax.”
Media Appearances