- In response to the Reserve Bank governor’s comments today about banks supporting households and businesses in the current economic environment, New Zealand Bankers’ Association chief executive Roger Beaumont says: “Our banks are very conscious of the impact current economic conditions will have on many New Zealanders. Anyone experiencing financial difficulty should contact their bank to... Read more »
- Financial mentors and banks are working together to help people in small communities across New Zealand to access banking services. These ‘banking collaborations’ are one of several projects being delivered under a partnership between FinCap and the New Zealand Bankers’ Association, which is funded by NZBA members to the tune of $5 million over five... Read more »
- At a time of rising costs, consumers are continuing to manage their credit cards and home loans well according to data insights released by the New Zealand Bankers’ Association today. “In these challenging times it’s great to see people using banking products and services to help stay ahead financially,” says New Zealand Bankers’ Association chief... Read more »
- The New Zealand Bankers’ Association and the six participating banks have decided to expand the regional banking hubs trial until the end of 2023, opening four new model hubs and adapting the existing four. The Finance Minister launched NZBA’s regional banking hubs trial in November 2020, with hubs opened in Martinborough, Ōpunake, Stoke and Twizel.... Read more »
- Commerce and Consumer Affairs Minister David Clark took the wrong option presented to him in the review into the Credit Contracts and Consumer Finance Act released today. “The Council of Financial Regulators report released today presented a range of better options than those chosen by the Minister,” says New Zealand Bankers’ Association chief executive Roger... Read more »
- KB Kookmin Bank Auckland Branch today became a member of the New Zealand Bankers’ Association, bringing the total number of member banks to 18. New Zealand Bankers’ Association chief executive Roger Beaumont says: “We are delighted to welcome Kookmin Bank to the Bankers’ Association. Joining NZBA shows the Korean bank’s commitment to New Zealand and... Read more »
- Tweaks to new consumer lending rules released today won’t make much difference for most people seeking credit says the New Zealand Bankers’ Association. Changes to the Credit Contracts and Consumer Finance Act introduced last December had an immediate dampening impact on the availability of consumer credit. “The government’s rushed attempt to fix the problem hasn’t... Read more »
- People generally have a good grasp of their banking products and services according to data insights released by the New Zealand Bankers’ Association today. “We were delighted to see people using home loans and credit cards to help get ahead financially,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “Around 44 per cent of... Read more »
- ASB chief executive Vittoria Shortt has been elected chair of the New Zealand Bankers’ Association and takes on the role today. BNZ chief executive Dan Huggins was elected deputy chair. The chair and deputy chair take on their respective roles for two years. Ms Shortt says the banking industry has supported Kiwis through an incredibly challenging... Read more »
- Financial mentors in small communities are helping people access banking services thanks to a partnership between FinCap and the New Zealand Bankers’ Association. A partnership agreement announced in March is now delivering for people living in places from Balclutha to Murupara through a Banking Collaboration Project funded in the first year of the partnership. Under... Read more »
