Interest.co.nz
Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
09/03/2020
RBNZ and bank lobby group NZBA have issued a joint statement in response to mounting concerns about the health and economic impacts of the global coronavirus outbreak.
Read Article
Interest.co.nz
Finance Minister Grant Robertson urges banks to keep lending to even their more ‘challenging’ dairy farming customers
03/03/2020
The New Zealand Bankers’ Association is urging those affected by coronavirus to talk to their banks.
Read Article
Rural News Group
Help for debt-stricken farmers
03/03/2020
New Zealand Bankers’ Association chief executive Roger Beaumont says there is a recognition it’s in everyone’s best interest for a farmer to have up-to-date business and financial plans.
Read Article
Interest.co.nz
Finance Minister Grant Robertson says New Zealand is in a strong position to respond to the impacts of coronavirus
27/02/2020
Bank lobby group the New Zealand Bankers’ Association says businesses and individuals financially affected by coronavirus should talk to their bank.
Read Article
Stuff
Indebted farmers offered $6000 to receive financial advice
27/02/2020
“It’s not a concern about any significant uplift in farmers in distress. No bank wants to see any business fail. To put it into perspective, there are about 52,000 farms and there are fewer than 10 mortgagee sales a year,” Beaumont said.
Read Article
RNZ
New fund for farmers struggling financially now running
26/02/2020
Beaumont said the independent advice would help inform conversations between the farmer and their bank.
Read Article
Newshub
Initiative for struggling farmers launches
25/02/2020
“There’s a recognition it’s in everyone’s best interest for a farmer to have up-to-date business and financial plans,” said New Zealand Bankers’ Association chief executive Roger Beaumont.
Read Article
Stuff
Banks coming down hard on farmers to ‘flick’ Government over Reserve Bank capital holding rules, minister says
23/02/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said banks worked closely with farming customers and that was reflected in the low number of mortgagee sales in the sector. There were about 52,000 farms in New Zealand and fewer than 10 farm mortgagee sales a year, he said.
Read Article
NZ Herald
Muslims have to compromise parts of their religion for home loan
21/02/2020
A New Zealand Bankers’ Association spokesperson said banks were constantly responding to customer preferences but they weren’t seeing “that kind of demand” for sharia-compliant loans.
Read Article
Stuff
Ombudsman lays out five things that NZ banks are doing wrong
19/02/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said banks were already working hard to implement the recommendations of the Reserve Bank and Financial Markets Authority’s review of bank conduct and culture.
Read Article
