Banks launch three new hubs in regional banking trial
16/07/2023
Three new regional banking hubs will open from this week as part of the latest phase of the regional banking hub trial led by the country’s six biggest retail banks. The three new hubs will be in Waimate, Whangamatā and Ōpōtiki. The Waimate hub will open its doors this Friday, with the remaining hubs opening...
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Banks will engage constructively with competition study
19/06/2023
The banking industry looks forward to participating in the competition study into retail banking announced by the government today says the New Zealand Banking Association – Te Rangapū Pēke. “We believe the enquiry will ease any concerns in the community about competition and innovation in the banking industry. Our banks are transparent, and will engage...
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Spotlight on a day in the life of a financial mentor
29/05/2023
Decision makers from government and the financial sector are spending time with financial mentors to get practical insights into their daily work and the assistance they offer clients experiencing vulnerability and financial difficulties. The initiative, called A Day in the Life, is part of a partnership between FinCap and the New Zealand Banking Association –...
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Some bright spots for home loan customers in stormy times
30/04/2023
The value of new home loans decreased 18.9% in the six months to December 2022, according to data insights released by the New Zealand Banking Association today. This comes as borrowers face steeply rising interest rates and a nationwide drop in property values. “Many households are doing it tough in the face of the rising...
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Funding partnership supports financial mentors and their clients
26/02/2023
A report released today shows financial mentors and their clients are benefiting from a partnership between FinCap and the New Zealand Banking Association – Te Rangapū Pēke. The partnership, which is funded by NZBA’s member banks, provides $5 million over five years to fund initiatives that support financial mentoring for people in need. FinCap chief...
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Banks supporting communities hit by Cyclone Gabrielle
23/02/2023
New Zealand’s banks are offering a range of support to customers and communities affected by Cyclone Gabrielle, including making $1.4 billion available in low-cost lending and donating $6.5 million to disaster relief funds. “The impact of the Cyclone Gabrielle is devastating at every level. Banks are part of the communities that have been hit by...
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Banks support CCCFA exemption for flood-affected customers
16/02/2023
The banking industry supports the government’s recently announced affordability assessment exemption for customers affected by the recent damaging weather events. “Banks want to provide as much support as possible to those affected by the recent weather damage in the North Island,” says Roger Beaumont, chief executive of the New Zealand Banking Association – Te Rangapū...
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NZBA announces new name
31/01/2023
NZBA today announced it would be called the New Zealand Banking Association – Te Rangapū Pēke. It was previously known as the New Zealand Bankers’ Association. New Zealand Banking Association – Te Rangapū Pēke chief executive Roger Beaumont says: “We’re delighted to announce our new name, and that it includes our name in te reo...
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‘Take a sec to check’ say banks in scam awareness campaign
08/01/2023
Banks are asking people to ‘take a sec to check’ before they part with their money or personal information, in a campaign aimed at raising scam awareness over summer. “We’re encouraging everyone to take a moment before making a payment or giving away personal information, just to be sure it’s not a scam,” says New...
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Banks ready to support customers through tough times
23/11/2022
In response to the Reserve Bank governor’s recent comments about banks supporting households and businesses in the face of an historic rise in the official cash rate, New Zealand Bankers’ Association chief executive Roger Beaumont says: “Our banks are ready to support customers who are doing it tough because of the rising cost of living and...
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