Interest.co.nz
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
26/03/2020
“It’s important to know that interest on these loans will still accrue, and deferred interest will be added to the principal amount of the loan.”
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Stuff
Requests for mortgage holidays pour in as Kiwis feel coronavirus strain
26/03/2020
“Anyone opting into a mortgage deferral needs to be clear about what this means for them. While there are obvious advantages for people in need, repayment deferrals may extend the time it takes to repay the loan and will add interest cost. So it may not be for everyone.”
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NZ Herald
Six-month home loan holiday: banks now ready but borrowers urged to be cautious
26/03/2020
“We know that some customers are already being financially impacted by Covid-19 and have an immediate need. That’s why the banking industry as a whole is stepping up with this further package.”
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RNZ
Mortgage holiday scheme begins today
26/03/2020
Bankers Association chief executive Roger Beaumont said the banks can now offer to defer mortgage payments of principal and interest for up to six months.
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Banking services open during level 4 lockdown
24/03/2020
All key banking services will remain available to customers during the alert level 4 lockdown the New Zealand Bankers’ Association confirmed today. “During the lockdown banks will balance managing public health requirements with the need to keep essential banking services available,” says New Zealand Bankers’ Association chief executive Roger Beaumont. “Cash will be available at...
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Stuff
Coronavirus: Banking system essential but many branches will close
23/03/2020
From Thursday, banks will keep some branches open for limited hours one day a week for customers who could not use ATMs, phone or online banking, said New Zealand Bankers’ Association chief executive Roger Beaumont.
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NZ Herald
Auckland first-home buyers at greatest risk from coronavirus pain: experts
22/03/2020
The Bankers’ Association urged customers to speak to banks early and said support options included reducing or suspending repayments of home loan debt and instead only repaying the interest on the loan.
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Stuff
Banks strong enough to absorb surge in bad debts
17/03/2020
Roger Beaumont, chief executive of the New Zealand Bankers’ Association, which speaks for member banks including ANZ, ASB, BNZ, Kiwibank, and Westpac, said: “The sooner you talk to your bank, the better placed they are to help you.”
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NZ Herald
Coronavirus: Reserve Bank talks up how much banks should be able to lend
17/03/2020
“I think it was a really well considered and pragmatic decision by the Reserve Bank which will mean that banks have greater capacity to support their customers, who are financially impacted by Covid-19, and work through those issues.”
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Politik
Robertson’s one two economic punch
10/03/2020
New Zealand Bankers’ Association chief executive Roger Beaumont said customers financially affected by a coronavirus, particularly small to medium-sized businesses, were encouraged to contact their bank.
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