NZ Herald
Six-month home loan holiday: banks now ready but borrowers urged to be cautious
26/03/2020
“We know that some customers are already being financially impacted by Covid-19 and have an immediate need. That’s why the banking industry as a whole is stepping up with this further package.”
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RNZ
Mortgage holiday scheme begins today
26/03/2020
Bankers Association chief executive Roger Beaumont said the banks can now offer to defer mortgage payments of principal and interest for up to six months.
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Stuff
Coronavirus: Banking system essential but many branches will close
23/03/2020
From Thursday, banks will keep some branches open for limited hours one day a week for customers who could not use ATMs, phone or online banking, said New Zealand Bankers’ Association chief executive Roger Beaumont.
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NZ Herald
Auckland first-home buyers at greatest risk from coronavirus pain: experts
22/03/2020
The Bankers’ Association urged customers to speak to banks early and said support options included reducing or suspending repayments of home loan debt and instead only repaying the interest on the loan.
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Stuff
Banks strong enough to absorb surge in bad debts
17/03/2020
Roger Beaumont, chief executive of the New Zealand Bankers’ Association, which speaks for member banks including ANZ, ASB, BNZ, Kiwibank, and Westpac, said: “The sooner you talk to your bank, the better placed they are to help you.”
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NZ Herald
Coronavirus: Reserve Bank talks up how much banks should be able to lend
17/03/2020
“I think it was a really well considered and pragmatic decision by the Reserve Bank which will mean that banks have greater capacity to support their customers, who are financially impacted by Covid-19, and work through those issues.”
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Politik
Robertson’s one two economic punch
10/03/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said customers financially affected by a coronavirus, particularly small to medium-sized businesses, were encouraged to contact their bank.
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Stuff
Coronavirus help needed urgently for some NZ businesses, advocates say
10/03/2020
Help could include providing access to short-term funding; reducing or suspending principal payments on loans and temporarily moving to interest-only repayments; help with restructuring business loans; and consolidating loans, the New Zealand Bankers’ Association said.
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NZ Herald
Wage subsidies and tax support help on the cards in covid-19 package
09/03/2020
Bankers’ Association chief executive Roger Beaumont said customers financially affected by the virus, particularly small- to medium-sized businesses, should contact their bank.
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NZ Herald
NZ dollar falls amid heightened oil, coronavirus volatility
09/03/2020
“Each bank will have their own credit policies and approach to providing assistance. It’s important for affected customers to talk to their bank as soon as possible. That gives banks the best chance of offering assistance.”
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