Media Releases

Media Releases

Banks offer six month mortgage repayment deferrals

- New Zealand’s retail banks are offering to defer repayments for all residential mortgages for up to six months for customers financially affected by Covid-19. “We know that some customers are already being financially impacted by Covid-19 and have an immediate need. That’s why the banking industry as a whole is stepping up with this further... Read more »
Media Releases

Banking services open during level 4 lockdown

- All key banking services will remain available to customers during the alert level 4 lockdown the New Zealand Bankers’ Association confirmed today. “During the lockdown banks will balance managing public health requirements with the need to keep essential banking services available,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “Cash will be available at... Read more »
Media Releases

Banking sector prepared for responding to COVID-19

- New Zealand banks are ready to respond to the impacts of coronavirus, the Reserve Bank of New Zealand and New Zealand Bankers’ Association say. The COVID-19 outbreak has the potential to impact the operations of New Zealand’s banking sector by affecting banks’ staff, their funding and their customers. The Reserve Bank has asked all banks... Read more »
Media Releases

Coronavirus affected customers urged to talk to their bank

- The New Zealand Bankers’ Association is encouraging businesses and individuals financially affected by coronavirus (Covid-19) to talk to their bank. “We’re aware that some businesses, particularly small to medium sized ones, are being financially impacted by this unfolding global issue. The same may apply to individual customers working in sectors directly affected. Banks can offer... Read more »
Media Releases

New fund to get advice for struggling farmers is now open

- A new initiative funded by banks and the government offering support for farmers struggling with farm debt is now up and running.  The government has allocated $200,000 for the Farm Business Advice Support Fund, to be managed by Rural Support Trusts. For a qualifying farmer the fund will provide up to $6,000 to pay for... Read more »
Media Releases

Banking industry welcomes conclusion to RBNZ capital review process

- The New Zealand Bankers’ Association today welcomed the conclusion of the Reserve Bank’s review of how much capital New Zealand’s banks should hold. “Today’s announcement provides our banks with certainty on the amount and type of capital they will need to hold in future, and brings an end to a robust consultation,” says New Zealand Bankers’... Read more »
Media Releases

Banking Hub trial a new approach to regional banking

- A unique partnership of six New Zealand banks will trial a new approach to providing banking services in small regional communities. Banking Hubs will be trialled in four small towns for 12 months, with the first starting by early 2020. The hubs will feature a Smart ATM, support staff and online and technology support. During... Read more »
Media Releases

Banks welcome new financial conduct regime

- The New Zealand Bankers’ Association today welcomed the government’s announcement to introduce a new regime for financial service providers to ensure fairer treatment for customers.   “Banks want to treat their customers fairly. It’s good for customers and good for business. We welcome further steps to help ensure we’re doing that. We will work closely... Read more »
Media Releases

Bank staff to help teach School Leavers’ Toolkit

- The banking industry will provide hands-on skills to support the School Leavers’ Toolkit by making staff available to teach the financial literacy component, as required. The New Zealand Bankers’ Association has been involved in the development of the toolkit since it began, providing ideas, specialist expertise and content approval for the financial literacy component. Banks... Read more »
Media Releases

NZBA welcomes farm debt mediation announcement

- The New Zealand Bankers’ Association today welcomed the government’s announcement that it will introduce a bill to set up a farm debt mediation scheme. “Banks are responsible lenders that take a long-term view to the rural sector. They know the vital role farmers play in the economy and that it’s important they succeed,” says New... Read more »