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.
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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.
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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.
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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.
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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.
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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.
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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.
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KPMG
Conduct, culture and capital
19/02/2020
The New Zealand banking industry is living in interesting times. In 2019 the three C’s – conduct, culture and capital – dominated our landscape. Where have we got to and what’s coming up?
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NZ Herald
RBNZ launches direct phone line and email for whistleblowers in banking
11/02/2020
The move surprised the NZ Bankers’ Association, which has been working on its own industry-wide scheme to provide an independent alternative to the banks’ current whistleblowing services.
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TVNZ
Rotorua woman one of thousands of Kiwis left struggling after having bank account closed
04/02/2020
The Bankers Association says with 14 retail banks, people should shop around. It also says banks work with people with poor credit history to try and improve it, but accounts are never closed without good reason.
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