Regional Banking Hubs to launch in November
27/10/2020
A trial of Regional Banking Hubs to test the demand for basic banking services in regional communities will begin in November. The trial, which includes ANZ, ASB, BNZ, Kiwibank, TSB and Westpac, will run in four regional centres: Twizel, Martinborough, Stoke and Opunake. Three of the sites will have community partners, who will host the...
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Stuff
Stoke banking hub gets December go-ahead
27/10/2020
The New Zealand Bankers Association announced that a new banking hub will open on December 3 in the John’s Stoke Pharmacy building at Putaitai St.
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Stuff
Banks beginning trials that could save face-to-face banking in regions
27/10/2020
Banks will start a trial of shared regional banking hubs in November, using an old ANZ branch, a library, a community centre and a pharmacy.
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Stuff
Waves of ‘zombie’ company failures predicted as Covid support withdrawn
28/09/2020
By the end of August, the New Zealand Bankers’ Association said its member banks had allowed 15,135 businesses owing $18.3 billion to make reduced repayments on loans.
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Interest.co.nz
Centrix suggests lenders will need to work with some customers who have their mortgages deferred to refinance or restructure
20/09/2020
New Zealand Bankers’ Association figures show, as of August 31, a total of 95,038 customers with home loans, personal lending, credit cards and arranged overdrafts, were making reduced payments on lending worth $29.4 billion, or 10% of the market.
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Business Desk
Labour promises to extend interest free loans, regulate card fees
08/09/2020
“We look forward to seeing the detail of what’s being proposed in this complex area. We’d be happy to engage in any consultation that results from this policy proposal,” said Roger Beaumont, chief executive of the NZ Bankers’ Association.
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Newsroom
Labour warned: merchant fee regulation not easy
07/09/2020
Bankers’ Association chief executive Roger Beaumont said he “looked forward to seeing the detail of what’s being proposed in this complex area. We’d be happy to engage in any consultation that results from this policy proposal.”
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Code of Banking Practice translations now available
07/09/2020
The Code of Banking Practice is now available in six other commonly used languages the New Zealand Bankers’ Association announced today. “We wanted to make the Code more widely available, and that includes to people who don’t speak English as their first language. That’s why we’ve translated the Code into te reo Māori, Samoan, Tongan,...
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As of July 31 a total of $73.7 billion of bank loans were receiving some form of COVID-19 related relief. Gareth Vaughan speculates on what might happen to banks’ non-performing loan ratios when the deferral scheme eventually ends
06/09/2020
The deferred loan figures come from the New Zealand Bankers’ Association (NZBA). For consumer lending these show 88,558 customers making reduced loan repayments on loans valued at $27.5 billion. Another 61,063 customers had deferred payments on all loans to the value of $20.9 billion. These consumer lending figures, as of July 31, cover home loans, personal lending, credit cards and...
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NZ Herald
Prime Minister’s office intervened after Health Ministry closed bank branches in Auckland
26/08/2020
New Zealand Bankers’ Association Roger Beaumont said that the Ministry of Health’s order for August “did not technically allow banks to open branches to serve customers”.
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