Stuff.co.nz
Auckland property owners warned
21/10/2014
Aucklanders feeling wealthier on the back of higher property valuations are being urged not to borrow more on what is essentially “paper wealth”. Kirk Hope, chief executive of the Bankers’ Association, said banks would be very discerning. “Just because a value increases doesn’t mean they will be able to borrow more,” he said.
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NZ Herald
Highs and lows of apartment life
21/10/2014
Chief executive Kirk Hope said: “Size is among a number of factors that banks may take into account when looking at lending on apartments. When lending on small apartments the bank needs to consider if it will get its money back in case of default. It may not where demand for very small residences is...
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NZ Herald
Your Money: Do sums about servicing a mortgage before borrowing to the hilt
20/10/2014
Hope encourages borrowers to get in touch with their bank as soon as possible if their circumstances change. If they think they can’t make the payment then borrowers could go on a mortgage holiday or restructure the loan to stretch it out over a longer timeframe lowering the repayment levels.
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Interest.co.nz
NZ Bankers’ Association says Government run public awareness campaign on AML would be useful
20/10/2014
The New Zealand Bankers’ Association says it’d like to see the Ministry of Justice, alongside the three anti-money laundering law enforcers, run a public awareness campaign to boost understanding of how anti-money laundering laws affect bank customers and the public in general.
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Radio NZ
Calls for LVR restrictions to be gone
17/10/2014
Banker’s Association chief executive Kirk Hope said easing the restrictions would not be the end of the world and suggested loosening them from 10 percent to perhaps 15 percent might help flagging economic growth.
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Take the plunge and get your money fighting fit
09/10/2014
The New Zealand Bankers’ Association is encouraging people to get their money fighting fit during Money Week which runs from 13 to 19 October. “Financial fitness is a lot like physical fitness. We know it’s good for us and can really improve our lives and how we feel, but sometimes it’s hard to take the...
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Stuff.co.nz
Banks will cover XP internet banking
03/10/2014
Bankers’ Association chief executive Kirk Hope said banks always recommended people protected themselves from online fraud by keeping their operating systems and security software up-to-date.
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NZ Herald
Insurance: Is your home fully covered?
01/10/2014
Bankers’ Association chief executive Kirk Hope said the banking sector understood that up to 30 per cent of sum-insured homes might be under-insured.
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Stuff.co.nz
Helping hand for leaky homes
29/09/2014
Banks have streamlined the lending process for apartment owners struggling to get loans for leaky building repairs.
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Good management keeps banks strong
24/09/2014
Banks are managing their businesses well and that helps support New Zealand’s economic growth said the New Zealand Bankers’ Association in response to KPMG’s Financial Institutions Performance Survey for the quarter to June 2014. The report showed a normalised increase in bank profits of 6.2 per cent for the quarter. “Profitability is an important part...
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