Stuff
Coronavirus help needed urgently for some NZ businesses, advocates say
10/03/2020
Help could include providing access to short-term funding; reducing or suspending principal payments on loans and temporarily moving to interest-only repayments; help with restructuring business loans; and consolidating loans, the New Zealand Bankers’ Association said.
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NZ Herald
Wage subsidies and tax support help on the cards in covid-19 package
09/03/2020
Bankers’ Association chief executive Roger Beaumont said customers financially affected by the virus, particularly small- to medium-sized businesses, should contact their bank.
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NZ Herald
NZ dollar falls amid heightened oil, coronavirus volatility
09/03/2020
“Each bank will have their own credit policies and approach to providing assistance. It’s important for affected customers to talk to their bank as soon as possible. That gives banks the best chance of offering assistance.”
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Interest.co.nz
Reserve Bank and bank lobby group issue joint statement saying New Zealand banks are ready to respond to the impacts of coronavirus, tell financially affected customers to contact their banks
09/03/2020
RBNZ and bank lobby group NZBA have issued a joint statement in response to mounting concerns about the health and economic impacts of the global coronavirus outbreak.
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Banking sector prepared for responding to COVID-19
09/03/2020
New Zealand banks are ready to respond to the impacts of coronavirus, the Reserve Bank of New Zealand and New Zealand Bankers’ Association say. The COVID-19 outbreak has the potential to impact the operations of New Zealand’s banking sector by affecting banks’ staff, their funding and their customers. The Reserve Bank has asked all banks...
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Interest.co.nz
Finance Minister Grant Robertson urges banks to keep lending to even their more ‘challenging’ dairy farming customers
03/03/2020
The New Zealand Bankers’ Association is urging those affected by coronavirus to talk to their banks.
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Rural News Group
Help for debt-stricken farmers
03/03/2020
New Zealand Bankers’ Association chief executive Roger Beaumont says there is a recognition it’s in everyone’s best interest for a farmer to have up-to-date business and financial plans.
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Interest.co.nz
Finance Minister Grant Robertson says New Zealand is in a strong position to respond to the impacts of coronavirus
27/02/2020
Bank lobby group the New Zealand Bankers’ Association says businesses and individuals financially affected by coronavirus should talk to their bank.
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Stuff
Indebted farmers offered $6000 to receive financial advice
27/02/2020
“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.
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Coronavirus affected customers urged to talk to their bank
26/02/2020
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...
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