Stuff
Experts reject claims bank capital proposals will be expensive for customers
30/09/2019
“The independent economic analysis we commissioned from Sapere in May, and led by former Treasury Secretary Dr Graham Scott, found that the Reserve Bank proposals will cost households, businesses and our economy around $1.8 billion a year.”
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Newshub
Farmers welcome regional banking hubs trial
30/09/2019
AM Show host Duncan Garner talks to NZBA CEO Roger Beaumont about the Banking Hubs pilot
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Otago Daily Times
Twizel part of trial for banking hubs
30/09/2019
New Zealand’s “big six” banks have welcomed a trial banking hub to provide banking services in communities which would otherwise go without.
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Banking Hub trial a new approach to regional banking
30/09/2019
A unique partnership of six New Zealand banks will trial a new approach to providing banking services in small regional communities. Banking Hubs will be trialled in four small towns for 12 months, with the first starting by early 2020. The hubs will feature a Smart ATM, support staff and online and technology support. During...
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TVNZ
Major NZ banks to trial regional hubs, as branches continue to close
29/09/2019
The hub trial will last up to 12 months beginning early next year, costing significantly less than a full branch, says the NZ Bankers Association.
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Newshub
Banks in New Zealand to trial ‘hubs’ in regions hit by lack of branches
29/09/2019
“I’d like to thank the banks and the Bankers’ Association for working with the Government on this initiative which will be implemented in early 2020.”
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Timaru Herald
Twizel one of four towns to trial a multi-banking hub
29/09/2019
“Each Banking Hub pilot will test different ways of adapting to community demand and requirements and services will evolve over time. They will provide different capabilities, with variations in technology and personal service.”
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NZ Herald
Banks promise not to shutdown regional branches as Government trials ‘banking hubs’
29/09/2019
“The New Zealand Bankers’ Association note that in the past five years, about 70 per cent fewer people have been using branches nationwide.”
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Stuff
Government reaches deal with banks to push pause on regional branch closures
29/09/2019
“While many people hardly ever visit bank branches, some people still prefer to bank face to face,” Beaumont said.
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Interest.co.nz
Government says the big banks have promised not to close any regional branches while a four-location trial of banking hubs is under way from early next year
29/09/2019
“Each Banking Hub pilot will test different ways of adapting to community demand and requirements and services will evolve over time. They will provide different capabilities, with variations in technology and personal service.”
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