“The good relationship between farmers and their banks is reflected in Federated Farmers’ banking satisfaction survey which consistently finds high levels of satisfaction among farmers,” she said.
Banks are responsible lenders and constantly assess the risk on their books, she said.
The New Zealand Bankers’ Association today welcomed American Express as its latest affiliate member.
“We are delighted to have American Express join us as an affiliate member,” says New Zealand Bankers’ Association Chief Executive Karen Scott-Howman.
“Affiliate members work closely with the banking sector. This affirms the commitment American Express, as a global financial services provider, makes to our industry.”
American Express Vice President, Public Affairs & Communications – Australia and New Zealand Jon Stewart says, “American Express has a long and proud history facilitating international trade and supporting growth in the New Zealand economy.
“We look forward to working with the New Zealand Bankers’ Association and the wider banking industry to continue supporting New Zealand’s economic success.”
Affiliate membership allows NZBA to formalise relationships it has with complementary organisations that are involved with the banking industry in New Zealand.
As the voice of the banking industry, the New Zealand Bankers’ Association provides a forum for its 17 members to work together on non-competitive industry issues. The Association now has nine affiliate members.
ENDS
Finance and Expenditure Committee
Law Commission
She said the banks contributed around $6 to 7 billion to the New Zealand economy every year and employed more than 25,000 people.
“They spend around $5 billion running their businesses here and pay around $2 billion in tax.”
“What we had thought is that we’d actually covered it under our general principles of fair and reasonable treatment and also our privacy and security principle – it was absolutely always our intention to retain all of the material that had been in our previous code,” she said.
NZ Bankers Association chief executive Karen Scott-Howman said she welcomed the arrival of the CCB.
“Basically the branch license allows a lot more wholesale lending to take place,” she said.
New Zealand Bankers’ Association chief executive Karen Scott-Howman said anti-money laundering laws were one of the main reasons that banks struggled with cryptocurrencies.
Finance and Expenditure Committee
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