Media Releases
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
Media Appearances
Stuff - ‘Always on the lookout’: Anti-money laundering laws have made money transfers to the Pacific ‘unsafe’
- “The drive for business is balanced with the need to identify and manage risk, including compliance with the regulatory framework in which they operate, especially AML-CFT legislation. These are commercial decisions for the banks themselves, made on a case-by-case basis,” Beaumont says.
Media Appearances
Stuff - Some NZ homeowners may hit negative equity if house prices drop 15%
- “Banks want to keep people in their homes and there are often a range of personal solutions that banks can implement to support their customer’s individual circumstances.”
Media Appearances
NZ Herald - Nearly half of mortgage holders were ahead of their repayments last year
- NZBA chief executive Roger Beaumont said these mortgage holders likely kept their repayments the same while interest rates fell to record lows.
Media Appearances
NZ Adviser - Nearly 50% of home loan customers are ahead on their repayments – NZBA
- Roger Beaumont, New Zealand Bankers’ Association chief executive, said about 44% of people with a home loan were ahead on their repayments “likely because as interest rates have declined over the last few years, they may have retained their repayments at the same level.”
Media Appearances
Interest.co.nz - A number of borrowers who took out mortgages for the first time last year will struggle if mortgage rates rise as forecast, the Reserve Bank says
- According to the New Zealand Bankers’ Association, about 56,000 new home loans were taken out between July and December last year at an average size of $407,000.
Media Appearances
Good Returns - New figures from the Bankers Association show many borrowers are ahead on their home loan repayments
- “Depending on their loan, others may have increased their repayments further to get ahead and repay their loan more quickly. This shows good financial capability among people with home loans. It also means they’re quite well placed in an environment of rising interest rates.”
Media Appearances
Interest.co.nz - NZ Bankers’ Association figures show a significant rise in the latter half of 2021 in the numbers of mortgage holders shifting to interest-only payments
- The New Zealand Bankers’ Association has released its latest half-yearly Banking Insights, covering the six months to the end of December 2021, using information collected and aggregated from NZBA’s 10 main retail member banks.
Media Releases
Bank customers savvy with home loans and credit cards
- 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 »
Media Appearances