Business Desk
Labour promises to extend interest free loans, regulate card fees
08/09/2020
“We look forward to seeing the detail of what’s being proposed in this complex area. We’d be happy to engage in any consultation that results from this policy proposal,” said Roger Beaumont, chief executive of the NZ Bankers’ Association.
Read Article
Newsroom
Labour warned: merchant fee regulation not easy
07/09/2020
Bankers’ Association chief executive Roger Beaumont said he “looked forward to seeing the detail of what’s being proposed in this complex area. We’d be happy to engage in any consultation that results from this policy proposal.”
Read Article
As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks’ non-performing loan ratios when the deferral scheme eventually ends
06/09/2020
The deferred loan figures come from the New Zealand Bankers’ Association (NZBA). For consumer lending these show 88,558 customers making reduced loan repayments on loans valued at $27.5 billion. Another 61,063 customers had deferred payments on all loans to the value of $20.9 billion. These consumer lending figures, as of July 31, cover home loans, personal lending, credit cards and...
Read Article
NZ Herald
Prime Minister’s office intervened after Health Ministry closed bank branches in Auckland
26/08/2020
New Zealand Bankers’ Association Roger Beaumont said that the Ministry of Health’s order for August “did not technically allow banks to open branches to serve customers”.
Read Article
Interest.co.nz
As the banks begin offering mortgage deferrals of up to a year, we play around with some numbers for illustrative purposes – with illuminating results
26/08/2020
The New Zealand Bankers Association says since March 26, when New Zealand first went into lockdown, banks have deferred all repayments on consumer loans totalling around $21 billion for over 61,000 customers. That represents 7% of total consumer lending.
Read Article
NZ Adviser
Changes to business lending scheme receive mixed response
26/08/2020
The New Zealand Bankers’ Association has welcomed the government’s latest changes to the Business Finance Guarantee Scheme as they support the supply of credit to businesses in need.
Read Article
Stuff
Bank profits cut nearly in half by Covid-19 economic crisis
25/08/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said banks had taken on staff earlier in the year to cope with rising compliance costs.
Read Article
Stuff
Auckland banks shut doors – then open them – after level 3 confusion
24/08/2020
The New Zealand Bankers’ Association said banks had been informed that a Reserve Bank application to allow them to open had been declined and had shut their doors.
Read Article
Interest.co.nz
Robertson increases cap on Business Finance Guarantee Scheme 10-fold, extends terms of loans and enables businesses to use loans for capital investment and re-financing
20/08/2020
NZ Bankers’ Association CEO Roger Beaumont said “uptake will ultimately be driven by demand from businesses”.
Read Article
Business Desk
Govt tries again to get banks to lend businesses up to $6.25b
20/08/2020
NZBA data showed that since March 26 when the country first went into lockdown its members have lent $14.7 billion to businesses outside of the BFGS to more than 25,600 businesses.
Read Article
