- KPMG’s Financial Institutions Performance Survey for the 2014 financial year has found that New Zealand’s strong banking sector is fueling the country’s economic growth. “The strength of our banks supports the New Zealand economy by funding the needs of households and businesses. This is particularly important in the current context of economic uncertainty in other... Read more »
- Published in KPMG’s Financial Institutions Performance Survey 2014 – 25 February 2015 Bank profits routinely attract attention in New Zealand. The numbers are not inconsiderable with an industry total of around $4.8 billion in 2014. Banks often face the question – are they making too much money? Some commentators argue that any profits made by... Read more »
- “Many of us do enjoy being able to see all our accounts online at a glance, including our growing KiwiSaver balance. The performance of the banks’ funds is also a factor worth taking into account.”
- New Zealand Bankers’ Association chief executive Kirk Hope said: “Banks take their obligations under the act very seriously. “We’re aware that one of the consequences of banks implementing the law is that some customers providing money remittance services have had their accounts closed.”
- “As we have raised previously in discussions with you, the Code is not drafted in plain language despite the fact that the Code itself requires lenders to provide documentation drafted in plain language to assist customers,” NZBA says in its submission.
- Published in The New Zealand Herald, January 7, 2015 (p B19) What does money mean to you? Careful investment means you and your family can have a wider range of choices in the way that you live your life. That involves understanding the risks you are willing to take with money and making sure that... Read more »
- Published in Stuff BusinessDay, December 15, 2014 Shopping up a storm, celebrating with family, friends and colleagues, and trying to get everything sorted at work and home before we take off for the summer break. The silly season is in full swing and we’re all in a Christmas rush. A time of good cheer and... Read more »
- Contracts should be viewed in the context of the consumer credit law within which they operate, rather than in isolation, the New Zealand Bankers’ Association said.
- The New Zealand Bankers’ Association is urging people to beware of card fraud over the holidays. “It’s that time of the year when people are getting into the festive spirit, doing their Christmas shopping and anticipating the New Year sales. At this busy time it pays to keep your guard up when using your bank... Read more »
- “Only 3 per cent of New Zealand credit card holders pay the minimum each month,” he said. “That’s compared to 13 to 14 per cent in the US and UK. More than half of New Zealanders who have credit cards pay off their balance in full each month, while only a third in the US... Read more »
