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

Media Appearances - With a debt-to-income ratio tool back on the table, Gareth Vaughan looks at the political and other challenges the RBNZ needs to overcome to be granted the financial stability tool

- In its response to the 2017 consultation, bank lobby group the New Zealand Bankers’ Association  argued the evidence linking high-DTI loans and default was weak, with job loss having the most significant impact on the likelihood of loan default. NZBA suggested a serviceability interest rate as a potential alternative.
Media Appearances

Stuff - Law firms next target of living wage push

- Banking became the first industry to become fully living wage accredited in July. Seventeen members of the New Zealand Bankers’ Association pledged to pay staff and contractors (including cleaners and security guards) at least a living wage. An estimated 1800 people received a pay rise as a result.
Media Appearances

NZ Adviser - Majority of deferred loans now “back to normal”

- The NZBA revealed that over two-thirds of consumer loans that had principal and interest repayments deferred due to the impact of the pandemic were now “back to normal,” and nearly 40% of consumer loans that had reduced repayments were also now back on track.
Media Appearances

RNZ - Reefton residents face long drive to do their banking

- Association chief executive Roger Beaumont said trial regions were chosen on a range of criteria. “Some of that is geographic spread, so there’s two in the South Island and two in the North Island, and then we wanted to test different scenarios – scenarios where there was still one bank on town remaining, and also... Read more »