- “New Zealand is an importer of capital – it’s not a new thing, we’ve always been like that and we will probably have to be for some time. So this is going to tax that more: it does mean extra costs. And any extra costs means, potentially, increased lending costs for businesses and consumers.”
- New Zealand Bankers’ Association boss Kirk Hope said Islamic mortgages were likely to be a niche product, and was not surprised banks had not yet taken an interest.
- Bankers’ Association chief Kirk Hope says there are few times when a bank can legally divulge your information: “You’ve got compulsion by law, a public duty to divulge the information, or where a bank has to disclose information to protect its own interests, for example in a court case. Or where the customer agrees to... Read more »
- New Zealand Bankers’ Association chief executive Kirk Hope said: “The Australian courts have so far ruled that none of the fees targeted by the action are unreasonable. For bank customers these fees are also avoidable”.
- Incoming NZBA chair Anthony Healy said, “Our banks are rated as the most sound in the world and we look forward to a productive year with the Association and its members, and continuing meaningful engagement with stakeholders.”
- NZ Bankers Association chief executive Kirk Hope said: “The Canstar report demonstrates the high level of competition … and the importance of consumers doing their research, and talking to their bank to ensure they get the best possible deal.”
