Media

Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.

Media Appearances Media Releases Opinions

Stuff - Deposits of up to $100,000 guaranteed under new scheme

April 22, 2021 - The Bankers’ Association supported a risk-based approach to setting levies, where lower risk entities such as banks would pay lower levies because they were less likely to call on the scheme, said chief executive Roger Beaumont.

Media Appearances

Interest.co.nz - Government takes feedback on board and doubles coverage of proposed deposit insurance scheme to $100k per depositor, per institution

April 22, 2021 - The New Zealand Bankers’ Association supports risk-based pricing. CEO Roger Beaumont hoped this would see banks pay lower levies.

Media Appearances

NBR - Guarantee scheme only covers 40% of deposits

April 22, 2021 - Another factor to take into account was higher minimum capital requirements to be phased in for banks, which came at a high cost and were intended to help banks withstand a one-in-200-year shock.

Media Appearances

RNZ - Bank insurance scheme to protect up to $100,000 of each depositor’s funds

April 22, 2021 - “We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on the scheme.”

Media Releases

Deposit guarantee scheme provides extra security for depositors

April 22, 2021 - The deposit guarantee scheme announced today by the government will provide even more security for people who have bank deposits. “Our banks are among the best capitalised and regulated in the world. We saw their strength and resilience through the global financial crisis, when there were no bank failures or bailouts in New Zealand. And,... Read more »

Media Appearances

Stuff - Countdown to stop taking cheques in May

April 16, 2021 - “Some banks have individually made their own commercial decisions to phase out cheques. Some have announced dates for this, while at least one already does not accept or issue them. We’re not aware that any previously announced dates have changed.”

Media Releases

Hub banks will not close regional branches for rest of 2021

April 13, 2021 - The six banks participating in the Regional Banking Hubs trial are renewing their commitment to not close regional branches until the end of the year, when the trial concludes. The September 2019 announcement of the hubs pilot included a voluntary commitment to not close regional branches for the period of the trial. The full commitment... Read more »

Media Appearances

RNZ - Banks promise no further regional branch closures this year

April 13, 2021 - ANZ, ASB, BNZ, Kiwibank, TSB and Westpac announced today they would honour an earlier commitment not to shut any regional offices until a pilot of four small-town banking hubs wraps up.

Media Appearances

Interest.co.nz - As mortgage deferral scheme ends banks may offer still struggling borrowers a further temporary payment deferral, extend the term of the loan to reduce repayments, or move borrowers to interest-only repayments

March 31, 2021 - The New Zealand Bankers’ Association says borrowers whose repayments were deferred due to the COVID-19 pandemic and are still struggling, may get an additional temporary payment deferral, have the term of the loan extended to reduce repayments, or be moved to interest-only repayments for a period.

Media Appearances

Stuff - Covid-19 mortgage ‘holiday’ scheme ends, with 3700 mortgages still in repayment deferral

March 31, 2021 - New Zealand Bankers’ Association chief executive Roger Beaumont said: “Banks are working closely with the few affected customers who still need help to get back on track.”