Consumer NZ
When is your bank liable for scam losses?
10/06/2024
In response, the New Zealand Banking Association said it would review international best practice in this area by September 2024 and consider updating the current approach in the Code of Banking Practice.
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NZ Herald
Banks extend commitment to keep Whangamatā hub open
07/06/2024
Beaumont said the trial found customers used the banking hubs less than they would single-brand bank branches, which was why the participating banks recently decided to renew their commitment not to close regional branches for another three years.
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TVNZ
BNZ making major change to when its branches will open
06/06/2024
New Zealand Banking Association chief executive Roger Beaumont said there wasn’t “significant demand” for the physical services, but most of the hub network will remain.
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Business Desk
Business lending rates reach 33-year highs
05/06/2024
“Our banks currently hold around $60 billion in capital. That investment is essential to banking in New Zealand and, to maintain that investment, their owners need a return. The banks’ return on equity is average compared to other major New Zealand businesses,” Beaumont said.
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NZ Adviser
Banks to keep regional branches
04/06/2024
“NZBA and the participating banks put a huge amount of work into developing the hubs trial. We are proud of what we delivered, and most of the hub network will remain,” Beaumont said.
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Stuff
Auckland homeowner says storm buyout pushing him to bankruptcy
04/06/2024
NZ Banking Association chief executive Roger Beaumont said that once banks are aware of a customer’s category three status, they can work through available options.
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Rural News
Major banks to keep regional branches open
01/06/2024
Beaumont says the phase two hubs were welcomed by their communities. However, the trial did not indicate a significant demand for these physical services with hub usage lower than many comparable regional branches or ATMs.
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NZ Herald
Regional bank branches get reprieve, will stay open for at least three more years
31/05/2024
“For those reasons, we believe regional New Zealand is better off if banks maintain their current branch networks for three years, instead of closing regional branches and replacing some of those branches with an alternative, such as hubs.”
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Newstalk ZB
The regions will keep banking branches for the next three years
31/05/2024
The New Zealand Banking Association has been trialling hubs providing a smart ATM – putting operations for all banks at one location. The Association says it showed locals preferred to still use a single brand bank – rather than the hub.
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Stuff
MPs sceptical over big bank claims they are supporting under-pressure farmers
30/05/2024
Beaumont said banks invested an “enormous” amount back into their business, paid billions in tax and employed 27,000 people.
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