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

Steps towards FATCA agreement applauded

October 25, 2012 - The New Zealand Bankers’ Association today applauded the government’s decision to seek an inter-governmental agreement between New Zealand and the United States which will help financial institutions comply with new US tax reporting requirements. The Foreign Account Tax Compliance Act, also known as FATCA, is designed to ensure US citizens resident in other countries meet... Read more »

Media Appearances

NBR - Banks claw back profits

October 24, 2012 - Large profits in the banking sector needed to be considered alongside the contribution banks made to the economy, Mr Hope says. “Last year banks contributed around $6 billion to our economy through the $4.5 billion they invest in running their businesses here, and the $1.3 billion they paid in tax.”

Media Releases

Banks fit to face challenges

October 24, 2012 - KPMG’s Financial Institutions Performance Survey (FIPS) report for the quarter to 30 June 2012 confirms that New Zealand banks are well placed to meet ongoing challenges. Those challenges to the banking sector, and the wider New Zealand economy, include the continuing European debt crisis and a slowdown in the Australian economy, our largest trading partner.... Read more »

Media Appearances

NZ Herald - Banks slam FMA KiwiSaver selling advice

October 17, 2012 - The banking industry’s lobby group has slammed the investment regulator over its guidance on how KiwiSaver should be sold, saying it will be harder for consumers to get information on the retirement savings scheme.

Media Releases

Regulator’s KiwiSaver guidance disadvantages consumers

October 16, 2012 - By rewriting the law, the Financial Markets Authority (FMA) is doing consumers a disservice says the New Zealand Bankers’ Association. Following the release of the FMA’s guidance note on the sale and distribution of KiwiSaver, Bankers’ Association chief executive Kirk Hope expressed serious concerns. “This is bad for consumers because it limits access to information... Read more »

Media Appearances

Newstalk ZB - Most Kiwis rate their bank highly – survey

October 9, 2012 - A survey by Consumer NZ shows the banking sector in New Zealand rates well above other service sectors. New Zealand Bankers’ Association chief executive Kirk Hope says banks have lifted their game over the last five years, with an eight percent increase in customer satisfaction from 84 percent to 92 percent.

Media Releases

Banks top satisfaction surveys

October 9, 2012 - A recent survey has revealed that most people rate their bank highly, and that the banking sector in New Zealand rates well above other service sectors. “Banks put a huge effort into customer service and it’s great to see this reflected in the survey results,” says New Zealand Bankers’ Association chief executive Kirk Hope. The... Read more »

Media Releases

Addressing Double Taxation a “Must” for Trans-Tasman Productivity Work

September 18, 2012 - The New Zealand Bankers’ Association welcomes the interim report of the Australian and New Zealand Productivity Commissions on closer economic relations and a single economic market, but notes that addressing the issue of double taxation of company income was an absolute ‘must do’. “The interim report usefully addresses many of the remaining barriers to a... Read more »

Media Releases

Get financial advice

September 4, 2012 - As part of Money Week (2 – 8 September), the New Zealand Bankers’ Association is encouraging people to get financial advice on how best to manage their money. “Getting advice about your finances and how best to meet your needs and aspirations is a good idea for everyone. It’s about making informed decisions to manage... Read more »

Media Appearances

Newstalk ZB - Bankers keen to make Kiwis more money smart

September 2, 2012 - The week ahead is Money Week, and the banking industry is getting on board with a range of financial education activities. Mr Hope says banks are backing Money Week because they believe well-informed customers are better placed to make borrowing and investment decisions.