Stuff
Warning New Zealand’s housing market could face September crunch
27/07/2020
“Before making any decisions to extend mortgage deferrals banks will need to assess the customer need. It would also involve discussions with regulators and credit reporting agencies on any impact to responsible lending obligations and how the deferred loans are treated.”
Read Article
Banking becomes first living wage accredited industry
27/07/2020
Banking has become New Zealand’s first fully living wage accredited industry, leading to nearly 1800 employees and contractors moving onto the living wage and gaining greater economic independence for them and their families. As of today, all 17 members of the New Zealand Bankers’ Association, and the association itself, have been fully accredited. “As one...
Read Article
Stuff
Kiwis turn backs on mortgage repayment holidays
16/07/2020
“Banks are seeing customers who have deferred or reduced payments restarting their normal payments. That means people know what’s available when it comes to loan relief, and they also know why it’s a good idea to restart payments if they can.”
Read Article
Stuff
House prices dip across country in June, with Queenstown leading falls
07/07/2020
According to the New Zealand Bankers Association a total of 66,870 customers with loans totalling $21.3 billion had reduced their loan repayments since March 26, and a further 55,406 with combined loans of $19.5b had deferred all their loan repayments.
Read Article
Stuff
Reserve Bank considers extending home loan holiday lifeline
07/07/2020
Bankers’ Association chief executive Roger Beaumont said “mortgage deferrals could provide borrowers financially affected by Covid-19 with immediate relief at an uncertain time.
Read Article
NZ Herald
Reserve Bank considering extension of mortgage deferral scheme
07/07/2020
Beaumont said before making any decisions to extend mortgage deferrals banks would need to assess the customer need. “It would also involve discussions with regulators and credit reporting agencies on any impact to responsible lending obligations and how the deferred loans are treated.”
Read Article
Business Desk
Govt’s bank-administered business loans still tiny
06/07/2020
The BFGS lending is also dwarfed by other bank lending to businesses since March 26 when the nation went into lockdown to prevent the spread of covid-19. Banks have lent $12.6 billion in new loans to 21,875 businesses between then and June 30. That’s up from $7 billion on May 26.
Read Article
NZ Adviser
Kiwibank to chair Bankers’ Association for first time
30/06/2020
Kiwibank chief executive Steve Jurkovich has been appointed the new chair of the New Zealand Bankers’ Association. He will be taking over from Westpac CEO David McLean, who chaired the NZBA for three years.
Read Article
Kiwibank to chair New Zealand Bankers’ Association
30/06/2020
Kiwibank chief executive Steve Jurkovich has been elected chair of the New Zealand Bankers’ Association and takes on the role today. This is the first time Kiwibank has chaired NZBA. ASB chief executive Vittoria Shortt was elected deputy chair. The chair and deputy chair take on their respective roles for two years. New Zealand Bankers’...
Read Article
Interest.co.nz
The Business Finance Guarantee Scheme that’s failed to fly was announced on the fly, without banks on board and with Treasury aware small business were actually most in need
25/06/2020
The New Zealand Bankers’ Association confirms Treasury officials met with its members, including the CEOs of the country’s biggest banks, on March 16 to talk at a high level about the possibility of introducing a term lending facility.
Read Article
