RNZ
Loss of Geraldine bank: ‘It’s got me gobsmacked’
05/12/2020
The pilot was being led by the New Zealand Bankers’ Association and included six major banks which would test demand for basic banking services in regional communities.
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Stuff
Banking Hub begins year long trial in Nelson
03/12/2020
“What a hub environment like this can help some customers with is that transition to online and understand it’s OK. It’s safe and it’s not that scary.”
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NZ Adviser
Majority of deferred loans now “back to normal”
01/12/2020
The NZBA revealed that over two-thirds of consumer loans that had principal and interest repayments deferred due to the impact of the pandemic were now “back to normal,” and nearly 40% of consumer loans that had reduced repayments were also now back on track.
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RNZ
Reefton residents face long drive to do their banking
30/11/2020
Association chief executive Roger Beaumont said trial regions were chosen on a range of criteria. “Some of that is geographic spread, so there’s two in the South Island and two in the North Island, and then we wanted to test different scenarios – scenarios where there was still one bank on town remaining, and also...
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NZ Herald
Deferred loans head ‘back to normal’ – Bankers Association
29/11/2020
More than two-thirds of mortgage and personal loans that had principal and interest repayments deferred due to the impact of Covid-19 were now “back to normal”, says the New Zealand Bankers’ Association.
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Spinoff
Can ‘hubs’ make up for the erasure of small-town banks?
26/11/2020
Banking Association chief executive Roger Beaumont said staff at the hubs will be trained to recognise potential financial elder abuse, and there will be systems in place to report concerns.
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Stuff
Robertson opening banking hub in Martinborough
26/11/2020
Robertson hoped the trials would be successful because he admitted online banking had meant many smaller branches were closing. “It’s not economic for the banks to keep branches open absolutely everywhere, so rather than have nothing, we’ve got the possibility of a hub like this.”
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Newshub
‘A nightmare’: Regional banking hubs face criticism as branches shut down around the country
26/11/2020
“There are some banks in small communities that I’ve heard of that don’t even have 10 customers a day. That’s unsustainable.”
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TVNZ
A look at the possible future of banking in small New Zealand towns
26/11/2020
A new banking hub launched today in Martinborough is being described as the possible future of banking in small New Zealand towns.
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Stuff
Reserve Bank raises spectre of wave of ‘managed sales’ of homes in March
26/11/2020
“Since March banks have been working proactively with customers who were financially impacted by Covid-19. Banks will continue to work with affected customers, including the relatively few who still have fully deferred loans.”
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