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

NZ Herald - Novopay victims given free overdrafts

November 30, 2012 - Retail banks across New Zealand have stepped in to help school staff financially affected by the Novopay debacle.

Media Appearances

TVNZ - Banks come to aid of school staff caught in Novopay debacle

November 29, 2012 - “The Christmas period’s a special period for families, so the banking industry wanted to help people who hadn’t been paid and take out some of the stress from this period for them,” said Kirk Hope of the New Zealand Bankers’ Association.

Media Appearances

Stuff.co.nz - Banks step up to Novopay challenge

November 29, 2012 - New Zealand banks are wading into the Novopay disaster to offer interest-free overdrafts to teachers and school staff running short on cash.

Media Appearances

3 News - New banking initiative offers ‘Novopay overdrafts’

November 29, 2012 - A new initiative ensures that teachers not paid, or underpaid, because of Novopay problems, aren’t hit by bank fees and interest charges.

Media Releases

Interest-free overdrafts for Novopay-affected teachers

November 29, 2012 - All retail banks are offering interest-free overdrafts to teachers and other school staff affected by the Novopay payroll system issues from now until 15 January 2013. “Banks across the board are supporting their customers here. This issue affects the largest single payroll in the country. It’s about helping ensure affected teachers and staff continue to... Read more »

Media Appearances

Radio NZ - Bankers respond to criticism over profits

November 22, 2012 - The Bankers Association commissioned Massey University’s Centre for Banking Studies to compare the return on shareholders’ equity for the banks, with those of the top 50 listed firms, between 2008 and 2012.

Media Appearances

Interest.co.nz - Bank lobby group says NZ bank profits in the middle of the pack when compared with major listed companies

November 21, 2012 - Bank lobby group the New Zealand Bankers’ Association (NZBA) says bank profitability, based on return on equity (RoE) over the past five years, comes in mid-table when compared with bigger sharemarket listed companies.

Media Releases

Banking industry profits in the middle of the pack

November 21, 2012 - The New Zealand Bankers’ Association today released long run bank profitability data which compares returns on equity for New Zealand banks against NZX listed companies. Independent analysis undertaken by Massey University showed that retail banks’ average return on equity over the last five years fell in the middle of the range compared to NZX listed... Read more »

Media Releases

Banks support financial outlook

November 7, 2012 - The Reserve Bank’s latest Financial Stability Report issued today has confirmed that banks are supporting New Zealand’s financial outlook in the face of ongoing global economic challenges. “Well-regulated strong banks are part of New Zealand’s current success compared to other countries,” says New Zealand Bankers’ Association chief executive Kirk Hope. The report identified a number... Read more »

Media Appearances

Interest.co.nz - New Zealand will seek to negotiate tax information agreement with US over ‘FATCA’ law NZ banks had feared would cost them NZ$100 mln

October 25, 2012 - “It’s a useful step towards sorting out a very thorny and expensive compliance issue for us. We understand US moves to clamp down on tax evasion by Americans living around the world. But without an inter-governmental agreement, the US law’s provisions are virtually unworkable,” said Hope.