- “We support the Code because it will help target unscrupulous lenders and provide greater protection for vulnerable people,” said NZBA chief executive Kirk Hope.
- The New Zealand Bankers’ Association today welcomed the government’s release of the Responsible Lending Code. The Code provides guidance on how responsible lenders should behave and supports consumer credit law reforms last year that aimed to crack down on loan sharks. “We support the Code because it will help target unscrupulous lenders and provide greater... Read more »
- The fall in foreclosures reflected generally positive trends for Kiwi consumers and prospective homeowners, said Kirk Hope, New Zealand Bankers’ Association chief executive.
- Bank of China today became the first Chinese bank to join the New Zealand Bankers’ Association. “The arrival of Bank of China further enhances competition and diversity in our banking sector,” association chief executive Kirk Hope said.
- Bank of China (New Zealand) today joined the New Zealand Bankers’ Association, bringing the total number of the association’s member banks to 15. “We are pleased to welcome our first Chinese member bank. The arrival of Bank of China further enhances competition and diversity in our banking sector,” said New Zealand Bankers’ Association Chief Executive... Read more »
- 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.
