New Zealand Bankers’ Association chief executive Kirk Hope said the allegations were “surprising”. “The customer’s ability to service the loan is a key factor in any lending decision. It’s important that people are up front to the bank about their circumstances and their ability to repay the loan.” He said defaults on bank loans were “low” because of the prudent approach that banks took.
Ministry of Business, Innovation and Employment
Bankers’ Association chief executive Kirk Hope said he was not aware of the issue or of any difficulties Bitcoin start-ups had with banks.
First-home buyers are finding it easier to get a home loan as a slowing housing market prompts retail banks to drum up new business. The Bankers’ Association said that was due in part to banks having better control over their loan books.
“Cash contributions are one way that banks compete for customers. In this environment banks will continue to work very hard to retain and attract customers. That’s good news for households and consumers,” said Kirk Hope.
Ministry of Business, Innovation and Employment
The banks argue KiwiSaver means Kiwis win when they do.
Ministry of Business, Innovation and Employment
The association is welcoming a bill which would crack down on international and home-grown organised crime and says the bill will help maintain our reputation overseas.
“Our banks and New Zealand have little choice but to comply with Fatca,” Kirk Hope said.