- New Zealand Bankers’ Association acting chief executive Antony Buick-Constable said it represented an “opportunity” to retain the confidence of customers.
- The New Zealand Bankers Association has welcomed the report and says it is pleased the review found no evidence of widespread misconduct and culture issues.
- “We fully accept we have work to do in many areas to ensure we continue to do the right thing by our customers,” NZBA acting chief executive Antony Buick-Constable said.
- Industry lobby group NZ Bankers Association did a comparison in 2015 which showed the big banks are squarely in the middle of the pack compared with other listed companies.
- As responsible lenders, banks will look at both your willingness and ability to repay. If you don’t have a great credit history, you can work with your bank to rebuild it.
- If you’ve been bankrupt before, it will help to rebuild a good credit history that demonstrates your willingness to repay. If you show you can keep up repayments your bank may work with you on something bigger, like a home loan.
- Antony Buick-Constable insisted the banks in New Zealand were different to the Australian parent companies, with separate board made up of directors who were required to act in the best interests of the New Zealand operation, under risk of being thrown out of the industry.
