NZ Herald
Government-backed loan size limit raised from $500,000 to $5m in bid to boost interest
20/08/2020
“Widening the scheme criteria further supports the supply of credit to businesses in need. Uptake will ultimately be driven by demand from businesses.”
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NBR
Banks say modified finance guarantee scheme will help business lending
20/08/2020
The New Zealand Bankers’ Association’s chief executive Roger Beaumont said expanding the criteria of the scheme should make it more relevant for businesses.
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Interest.co.nz
David Hargreaves tries to make sense of swirling and contradictory facts and figures around the current mortgage market
19/08/2020
The Bankers’ Association says that 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. It adds, however, that nearly a quarter of those customers have subsequently restarted their loan repayments.
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NZ Herald
Farming business advice from Rural Support
18/08/2020
The National Council of Rural Support Trusts and New Zealand Bankers’ Association have recently signed the agreement for the Fund. Under the agreement, the RSTs will provide up to $3000, depending on an assessment of need, and the relevant bank will match that dollar for dollar.
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Stuff
Homeowners warned not to expect automatic extension of loan ‘holidays’
17/08/2020
Customers may be eligible for a new loan deferral for up to six months or an extension to their current loan deferral, said Bankers’ Association chief executive Roger Beaumont. But, he said: “Any new or extended loan deferrals will not be automatic.
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Interest.co.nz
Banks offering options for affected customers that will enable either a new mortgage deferral or extension to an existing deferral
17/08/2020
“Customers who can resume loan repayments should do so. Many customers have already restarted payments on deferred loans. That shows they understand the benefits of getting back on track if they can.”
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NZ Herald
Covid 19 coronavirus: Health or security? The dilemma banks face over masks
16/08/2020
“But my sense would be that banks are being really pragmatic about this, that the advice is for health reasons so banks will be comfortable with people coming into a branch wearing a face mask.”
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NZ Herald
Mortgage deferral scheme to be extended
13/08/2020
Nearly 60,000 borrowers (59,885) had agreed to a deferral of payments on $20.2 billion of home loans, personal lending, credit card or overdraft debt as of June 30, figures from the New Zealand Bankers Association show.
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Stuff
1800 banking sector staff get pay rise as industry commits to living wage
27/07/2020
“As one of the largest industries in the country, we are showing leadership by committing to paying the living wage,” says New Zealand Bankers’ Association chief executive Roger Beaumont.
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TVNZ
Banking sector becomes first-Living Wage accredited industry, improving incomes of almost 1800 people
27/07/2020
According to the New Zealand Bankers’ Association (NZBA), the move will lead to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families.
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