RNZ
Reefton residents face long drive to do their banking
30/11/2020
Association chief executive Roger Beaumont said trial regions were chosen on a range of criteria. “Some of that is geographic spread, so there’s two in the South Island and two in the North Island, and then we wanted to test different scenarios – scenarios where there was still one bank on town remaining, and also...
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NZ Herald
Deferred loans head ‘back to normal’ – Bankers Association
29/11/2020
More than two-thirds of mortgage and personal loans that had principal and interest repayments deferred due to the impact of Covid-19 were now “back to normal”, says the New Zealand Bankers’ Association.
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Most deferred loans ‘back to normal’
29/11/2020
More than two thirds of consumer loans that had principal and interest repayments deferred due to the impact of Covid-19 were now ‘back to normal’ said the New Zealand Bankers’ Association today. At the same time, nearly 40% of consumer loans that had reduced repayments were now back on track. “As we near the end...
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Spinoff
Can ‘hubs’ make up for the erasure of small-town banks?
26/11/2020
Banking Association chief executive Roger Beaumont said staff at the hubs will be trained to recognise potential financial elder abuse, and there will be systems in place to report concerns.
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Stuff
Robertson opening banking hub in Martinborough
26/11/2020
Robertson hoped the trials would be successful because he admitted online banking had meant many smaller branches were closing. “It’s not economic for the banks to keep branches open absolutely everywhere, so rather than have nothing, we’ve got the possibility of a hub like this.”
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Newshub
‘A nightmare’: Regional banking hubs face criticism as branches shut down around the country
26/11/2020
“There are some banks in small communities that I’ve heard of that don’t even have 10 customers a day. That’s unsustainable.”
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TVNZ
A look at the possible future of banking in small New Zealand towns
26/11/2020
A new banking hub launched today in Martinborough is being described as the possible future of banking in small New Zealand towns.
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Stuff
Reserve Bank raises spectre of wave of ‘managed sales’ of homes in March
26/11/2020
“Since March banks have been working proactively with customers who were financially impacted by Covid-19. Banks will continue to work with affected customers, including the relatively few who still have fully deferred loans.”
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Bay of Plenty Times
Mortgage wars: How homeowners are saving tens of thousands
13/11/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said interest rates were at historic lows. “That’s good news for households and businesses looking to borrow. The flip side is that investors, including people who rely on interest income, get a lower rate of return on bank deposits.”
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NZ Adviser
FIRST Union welcomes trial of regional banking hubs
04/11/2020
FIRST Union supports the trial of banking hubs in four New Zealand regions as the country seeks to maintain face-to-face services amid the COVID-19 pandemic, retain jobs in banking, and ensure that rural areas don’t lose vital infrastructure.
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