Media Appearances
Media
Here you’ll find our media releases and opinions about banking in New Zealand, along with our media appearances.
Media Appearances
Stuff - Banks’ big profits ‘mean they have duty to help struggling borrowers
- “Anyone experiencing financial difficulty should contact their bank to discuss their options. The sooner you talk to your bank, the more likely they’ll be able to help. Options could include lengthening the term of your loan, to reduce the amount of regular repayments. In some cases, temporarily moving to interest-only repayments may also be an... Read more »
Media Appearances
Newsroom - Plea for banks to support families and businesses under serious stress
- Bankers’ Association chief executive Roger Beaumont says the country’s banks are very conscious of the impact current economic conditions will have on many New Zealanders. Anyone experiencing financial difficulty should contact their bank to discuss their options.
Media Releases
Banks supporting households and businesses facing economic headwinds
- In response to the Reserve Bank governor’s comments today about banks supporting households and businesses in the current economic environment, New Zealand Bankers’ Association chief executive Roger Beaumont says: “Our banks are very conscious of the impact current economic conditions will have on many New Zealanders. Anyone experiencing financial difficulty should contact their bank to... Read more »
Media Appearances
Business Desk - Reserve Bank stress test shows more bank capital is unnecessary
- The NZ Bankers’ Association commissioned an analysis from former Treasury secretary, Dr Graham Scott, which estimated the proposals would cost households, businesses and the economy about $1.8b a year.
Media Releases
$5m partnership boosts access to banking services
- Financial mentors and banks are working together to help people in small communities across New Zealand to access banking services. These ‘banking collaborations’ are one of several projects being delivered under a partnership between FinCap and the New Zealand Bankers’ Association, which is funded by NZBA members to the tune of $5 million over five... Read more »
Media Appearances
TVNZ - Scheme aims to improve financial services in small communities
- The New Zealand Bankers’ Association (NZBA) and FinCap have provided $5 million for financial mentors in small communities. “The reason the banks wanted to fund this was there’s a bit of a gap in terms of people who are making the transition, particularly to online or digital banking,” said NZBA CEO Roger Beaumont.
Media Appearances
Stuff - Interest rates jump again: What’s the best term to choose now?
- New Zealand Bankers’ Association chief executive Roger Beaumont said banks set rates depending on their funding needs and the price they could get it for.
Media Appearances
Stuff - Inflation hits home: 34 fixed-term home loans increase
- “They’ll take into account the official cash rate and the cost of other funding, including wholesale funding often sourced from overseas, and retail funding often from local deposits. That’s particularly the case with lending rates, where fixed and variable rates may be affected differently by the shorter and longer term cost of funding.”
Media Appearances