- “It’s not a concern about any significant uplift in farmers in distress. No bank wants to see any business fail. To put it into perspective, there are about 52,000 farms and there are fewer than 10 mortgagee sales a year,” Beaumont said.
- The New Zealand Bankers’ Association is encouraging businesses and individuals financially affected by coronavirus (Covid-19) to talk to their bank. “We’re aware that some businesses, particularly small to medium sized ones, are being financially impacted by this unfolding global issue. The same may apply to individual customers working in sectors directly affected. Banks can offer... Read more »
- “There’s a recognition it’s in everyone’s best interest for a farmer to have up-to-date business and financial plans,” said New Zealand Bankers’ Association chief executive Roger Beaumont.
- A new initiative funded by banks and the government offering support for farmers struggling with farm debt is now up and running. The government has allocated $200,000 for the Farm Business Advice Support Fund, to be managed by Rural Support Trusts. For a qualifying farmer the fund will provide up to $6,000 to pay for... Read more »
- New Zealand Bankers’ Association chief executive Roger Beaumont said banks worked closely with farming customers and that was reflected in the low number of mortgagee sales in the sector. There were about 52,000 farms in New Zealand and fewer than 10 farm mortgagee sales a year, he said.
- A New Zealand Bankers’ Association spokesperson said banks were constantly responding to customer preferences but they weren’t seeing “that kind of demand” for sharia-compliant loans.
- New Zealand Bankers’ Association chief executive Roger Beaumont said banks were already working hard to implement the recommendations of the Reserve Bank and Financial Markets Authority’s review of bank conduct and culture.
- Roger Beaumont, Chief Executive Published in KPMG’s Financial Institutions Performance Survey Review of 2019, 19 February 2020 The New Zealand banking industry is living in interesting times. In 2019 the three C’s – conduct, culture and capital – dominated our landscape. Where have we got to and what’s coming up? Good conduct and customer outcomes... Read more »
- The move surprised the NZ Bankers’ Association, which has been working on its own industry-wide scheme to provide an independent alternative to the banks’ current whistleblowing services.
