- “Banks are used to operating in a very competitive environment and have proven themselves adaptable in responding to new entrants in the market and changing customer demands. In a sense there’s nothing new here.”
- Asked if distressed sales could jump once interest rates headed north, Mr Hope said a customer’s ability to repay the loan was the key to any lending decision. He urged anyone facing financial challenges to talk to their bank early.
- New Zealand Bankers Association chief executive Kirk Hope said would-be investors should consider the levels of trust and reputation associated with peer-to-peer lenders.
- Cash in circulation rose by 8 percent last year. There’s now $5 billion in circulation despite the fact cash use is declining. New Zealand Bankers’ Association chief executive Kirk Hope joined Paul Henry in studio to explain how and why this is occurring.
- New Zealand Bankers’ Association chief executive Kirk Hope said banks were working closely with dairy farmers to help them manage through tough times.
- The New Zealand Bankers Association says it’s not discrimination – but that banks need to ensure mortgages are sustainable and a recent law change means they need to be even more careful that they are lending responsibly.
- “New Zealand banks operate in a different market and regulatory framework compared to their Australian counterparts. Any changes in New Zealand are more likely to be driven by customer demand.”
