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

Media Releases

Deposit guarantee scheme provides extra security for depositors

- 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

- “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

- 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 - 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

- 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.