Reserve Bank finds banks in good shape
13/05/2014
The Reserve Bank of New Zealand’s Financial Stability Report released today has found that the financial system remains sound and is well placed to support economic expansion. “The New Zealand banking industry is in good shape, remains strong, and is well capitalised and regulated,” said New Zealand Bankers’ Association chief executive Kirk Hope. “Recently reported...
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Banks supporting economic growth
06/05/2014
KPMG’s Financial Institutions Performance Survey analysis for the quarter to December 2013 released today has found that New Zealand’s economic development and the banking industry’s strength go hand-in-hand. “Our strong and stable banking system provides a great platform for economic growth. That growth is possible because banks are providing funding to businesses across a range...
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ASB to chair New Zealand Bankers’ Association
31/03/2014
ASB Bank chief executive Barbara Chapman has been elected chair of the New Zealand Bankers’ Association for 2014/15 and takes on the role today. BNZ chief executive Andrew Thorburn was elected deputy chair. “The association plays an important role representing the banking industry on a range of issues with a range of stakeholders,” said Barbara...
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Drought-affected farmers encouraged to talk to their banks
25/03/2014
Drought-affected farmers should talk to their banks said the New Zealand Bankers’ Association in response to increasingly dry conditions in parts of Northland and Waikato. “We encourage any farmers facing hardship as a result of the lack of rain to contact their bank to discuss options for assistance and how they can work through these...
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OCR rise well signalled
12/03/2014
The 25 basis points rise in the Official Cash Rate to 2.75% announced by the Reserve Bank of New Zealand today was widely expected said the New Zealand Bankers’ Association. “The OCR rise has been clearly signalled by the Reserve Bank Governor for some time, and comes as no surprise,” said New Zealand Bankers’ Association...
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Sound banks support economic growth
03/03/2014
New Zealand banks continue to be strong and stable according to KPMG’s Financial Institutions Performance Survey for the 2013 financial year. “Our banks are among the best funded and regulated in the world, and highly competitive. That’s good for New Zealand households, businesses and our economy,” said New Zealand Bankers’ Association chief executive Kirk Hope....
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Get set for rising interest rates
29/01/2014
Now is a good time to prepare for rising mortgage interest rates said the New Zealand Bankers’ Association in response to the Reserve Bank of New Zealand’s Official Cash Rate statement today. While the OCR has been left unchanged at 2.5%, the Reserve Bank has recently projected the cash rate could rise by 2.25% over...
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New build LVR exemption welcomed
09/12/2013
The New Zealand Bankers’ Association has today welcomed the Reserve Bank’s move to exempt new residential construction loans from the loan-to-value (LVR) restrictions it introduced on 1 October. “We’ve said all along that supply has always been the issue in parts of the housing market, not the availability of cheap credit,” said New Zealand Banker’s...
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Foil the fraudsters this festive season
08/12/2013
As the festive season approaches the New Zealand Bankers’ Association has reminded people how to avoid fraud and scams over the holidays. “Don’t let fraudsters spoil this special time of the year. Whether we’re shopping or away on holiday, it pays to take care,” said New Zealand Bankers’ Association chief executive Kirk Hope. If you’re...
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Covered bonds law puts New Zealand on even footing
20/11/2013
The third reading of the Reserve Bank of New Zealand (Covered Bonds) Amendment Bill today has been welcomed by the New Zealand Bankers’ Association. The Bill establishes a legislative framework for issuing covered bonds and enhances the Reserve Bank’s supervision of covered bond programmes. “The new law brings us into line with other jurisdictions. This...
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