Stuff
Covid-19 mortgage ‘holiday’ scheme ends, with 3700 mortgages still in repayment deferral
30/03/2021
New Zealand Bankers’ Association chief executive Roger Beaumont said: “Banks are working closely with the few affected customers who still need help to get back on track.”
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Loan repayment deferral scheme ends today
30/03/2021
The loan repayment deferral scheme introduced a year ago to help borrowers financially affected by the Covid-19 pandemic ends today. The scheme allowed home and business loan repayments to be fully deferred temporarily. Deferrals were made possible by the Reserve Bank allowing these loans not to be viewed as in hardship. Credit reporting agencies also...
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Newsroom
Small apartment crisis: The fight back begins
16/03/2021
“Banks make their own individual risk-based assessments on all lending applications on a case-by-case basis. This will take into account the risk and security of the asset.”
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Stuff
Banks’ pledge $5 million to support budget mentors
10/03/2021
Beaumont said the money provided by banks would provide support and skills to financial mentors working with families.
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NZBA and FinCap ink $5 million new partnership
09/03/2021
The New Zealand Bankers’ Association and FinCap have today announced a new partnership, with the banking industry contributing $5 million over five years to support the financial wellbeing of all New Zealanders. The collaboration agreement will provide funding for initiatives that will directly benefit the 200 services FinCap supports who provide financial advice to tens...
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Interest.co.nz
Banking Ombudsman Nicola Sladden says new whistle-blowing service offers bank staff ‘a safe and independent channel to sing out and raise concerns’
03/03/2021
The banks themselves support the dashboard and whistle-blowing service, with both projects having the backing of bank lobby group the New Zealand Bankers’ Association, the Financial Markets Authority and the Reserve Bank.
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RNZ
Bank closures: Mayors deliver plea for more bank branches to Beehive
03/03/2021
“During the Covid-19 lockdowns, banks helped thousands of New Zealanders get better at using online and mobile banking. Those customers aren’t looking back. However, we know that some customers still prefer face-to-face banking, and that’s what this banking hub trial is designed to test.”
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TVNZ
Communities demand Government inquiry into rural bank closures
02/03/2021
New Zealand Bankers’ Association chief executive Roger Beaumont said: “Branches are closing in some regional communities due to lack of demand. These changes are occurring because customers are banking differently – they can go online, call their bank or use an app.”
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NZ Adviser
Government compels RBNZ to “consider housing” when setting rates
26/02/2021
“There’s no single solution to our current housing affordability issues, which is a complex challenge,” said Beaumont. “Potential responses include addressing both supply and demand issues. Today’s announcement is more about managing the demand side, and what mechanisms the Reserve Bank has available to do that.
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Banks support new housing remit for RBNZ
25/02/2021
Banks welcome today’s announcement that the Reserve Bank will consider the impact of its monetary and financial policy decisions on the housing market. “Banks support today’s announcement and are keen to be involved in discussions around how to tackle the current housing situation,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “There’s no single...
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