Stuff
Deposits of up to $100,000 guaranteed under new scheme
22/04/2021
The Bankers’ Association supported a risk-based approach to setting levies, where lower risk entities such as banks would pay lower levies because they were less likely to call on the scheme, said chief executive Roger Beaumont.
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Interest.co.nz
Government takes feedback on board and doubles coverage of proposed deposit insurance scheme to $100k per depositor, per institution
22/04/2021
The New Zealand Bankers’ Association supports risk-based pricing. CEO Roger Beaumont hoped this would see banks pay lower levies.
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NBR
Guarantee scheme only covers 40% of deposits
22/04/2021
Another factor to take into account was higher minimum capital requirements to be phased in for banks, which came at a high cost and were intended to help banks withstand a one-in-200-year shock.
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RNZ
Bank insurance scheme to protect up to $100,000 of each depositor’s funds
22/04/2021
“We support a risk-based approach to setting levies where lower risk entities, such as banks, pay lower levies because they are less likely to call on the scheme.”
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Stuff
Countdown to stop taking cheques in May
16/04/2021
“Some banks have individually made their own commercial decisions to phase out cheques. Some have announced dates for this, while at least one already does not accept or issue them. We’re not aware that any previously announced dates have changed.”
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RNZ
Banks promise no further regional branch closures this year
12/04/2021
ANZ, ASB, BNZ, Kiwibank, TSB and Westpac announced today they would honour an earlier commitment not to shut any regional offices until a pilot of four small-town banking hubs wraps up.
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Interest.co.nz
As mortgage deferral scheme ends banks may offer still struggling borrowers a further temporary payment deferral, extend the term of the loan to reduce repayments, or move borrowers to interest-only repayments
30/03/2021
The New Zealand Bankers’ Association says borrowers whose repayments were deferred due to the COVID-19 pandemic and are still struggling, may get an additional temporary payment deferral, have the term of the loan extended to reduce repayments, or be moved to interest-only repayments for a period.
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Stuff
Covid-19 mortgage ‘holiday’ scheme ends, with 3700 mortgages still in repayment deferral
30/03/2021
New Zealand Bankers’ Association chief executive Roger Beaumont said: “Banks are working closely with the few affected customers who still need help to get back on track.”
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Newsroom
Small apartment crisis: The fight back begins
16/03/2021
“Banks make their own individual risk-based assessments on all lending applications on a case-by-case basis. This will take into account the risk and security of the asset.”
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Stuff
Banks’ pledge $5 million to support budget mentors
10/03/2021
Beaumont said the money provided by banks would provide support and skills to financial mentors working with families.
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