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Online Banking Award We endeavour to include the majority of product providers in the market and to compare the product features most relevant to consumers in our ratings. This is not always possible and it may be that not every product in the market is included in the rating nor every feature compared that is relevant to you. Banking - Desktop Ability to Pre-Population of Activate Bank Statement Set Goal Temporary Lock/Hold Transfer from Company Schedule Future Data for New Credit/Debit Card Available Online Savings on Credit/Debit Cards Home Screen Payments Product Application ANZ Bank NZ ✘ ✔ ✘ ✘ ✔ ✔ ✔ ASB Bank ✔ ✔ ✘ ✘ ✘ ✔ ✔ Bank of New Zealand ✘ ✔ ✔ ✘ ✔ ✔ ✔ Co -Operative Bank ✔ ✘ ✘ ✔ ✘ ✔ ✔ Heartland Bank ✘ ✔ ✘ ✘ ✘ ✔ ✘ HSBC ✘ ✔ ✘ ✘ ✘ ✔ ✘ Kiwibank ✔ ✔ ✔ ✘ ✘ ✔ ✔ SBS Bank ✘ ✔ ✘ ✘ ✘ ✔ ✘ TSB Bank ✔ ✔ ✘ ✘ ✘ ✔ ✔ Westpac ✔ ✔ ✘ ✔ ✔ ✔ ✔ Report Date: May, 2016. (All information is correct as at April, 2016) Online Banking Award 2016 - Page 1 Online Banking Award We endeavour to include the majority of product providers in the market and to compare the product features most relevant to consumers in our ratings. This is not always possible and it may be that not every product in the market is included in the rating nor every feature compared that is relevant to you. Banking - Smartphone Ability to Pre-Population of Activate Bank Statement Set Goal Temporary Lock/Hold Transfer from Company Schedule Future Data for New Credit/Debit Card Available Online Savings on Credit/Debit Cards Home Screen Payments Product Application ANZ Bank NZ ✘ ✔ ✘ ✘ ✔ ✔ ✔ ASB Bank ✔ ✘ ✘ ✔ ✘ ✔ ✔ Bank of New Zealand ✘ ✘ ✔ ✘ ✔ ✔ ✘ Co -Operative Bank ✔ ✘ ✘ ✔ ✘ ✔ ✔ Heartland Bank ✘ ✘ ✘ ✘ ✘ ✘ ✘ HSBC ✘ ✘ ✘ ✘ ✘ ✘ ✘ Kiwibank ✘ ✘ ✔ ✘ ✘ ✔ ✘ SBS Bank ✘ ✔ ✘ ✘ ✘ ✔ ✘ TSB Bank ✘ ✘ ✘ ✘ ✘ ✔ ✘ Westpac ✔ ✘ ✘ ✔ ✔ ✔ ✔ Report Date: May, 2016. (All information is correct as at April, 2016) Online Banking Award 2016 - Page 2 Online Banking Award We endeavour to include the majority of product providers in the market and to compare the product features most relevant to consumers in our ratings. -
Matthew Dawe Mortgages Limited (727992) ������������������ ������������������ �������������������
. Hello. Matthew Dawe Matthew Dawe | MatthewDawe.com Matthew Dawe Mortgages Limited (727992) ������������������ ������������������ ������������������� ������������������������������������������������� ���������������������������������������� ������������������� Our promise. Five things... FIND THE RIGHT DEAL FOR YOU • We’ll compare 20+ banks and lenders • No fees* for you, I’m paid by the lender you choose • The power to negotiate discounts SAVE YOU TIME • We'll compare the market for you • Expert research to find you the right loan • Do all the legwork for your application KEEP IT SIMPLE • No jargon! Everything explained simply • I work for you, not the banks or shareholders • Make moving in and out a breeze HELP YOU GET COVERED • Connect you with home and contents insurance • Life insurance and income protection for unexpected situations HELP YOU GROW • Put a plan in place for the future • Achieve your goals today • Provide solutions for all your needs *There may be times when a financial adviser charges a fee You’re in good hands. WE WORK IN YOUR WE’RE NOT A BANK, BEST INTERESTS NOR ARE WE OWNED BY ONE We are your personal Proudly owner operated bank manager WE ARE A MEMBER OF THE LARGEST FINANCIAL GROUP IN NEW ZEALAND #ADVISERSWORKFORYOU With over 1200 advisers across the country Access to over 20+ banks and lenders all in one place. Correct as of April 2020 How we will work together. FIRST CHAT 1 We get to know you, and ensure you know what we do and how we do it. We’ll talk about what you are trying to do, your goals and ambitions, and whether we can help you. UNDERSTAND YOUR SITUATION 2 We’ll gather information from you including family details, income and assets and other financial information. -
New Zealand Business Number Bill 18 June 2015
Submission to the Commerce Select Committee on the New Zealand Business Number Bill 18 June 2015 NEW ZEALAND BANKERS ASSOCIATION Level 15, 80 The Terrace, PO Box 3043, Wellington 6140, New Zealand TELEPHONE +64 4 802 3358 FACSIMILE +64 4 473 1698 EMAIL [email protected] WEB www.nzba.org.nz Submission by the New Zealand Bankers’ Association to the Commerce Select Committee on the New Zealand Business Number Bill About NZBA 1. NZBA works on behalf of the New Zealand banking industry in conjunction with its member banks. NZBA develops and promotes policy outcomes which contribute to a strong and stable banking system that benefits New Zealanders and the New Zealand economy. 2. The following fifteen registered banks in New Zealand are members of NZBA: ANZ Bank New Zealand Limited ASB Bank Limited Bank of China (NZ) Limited Bank of New Zealand Bank of Tokyo-Mitsubishi, UFJ Citibank, N.A. The Co-operative Bank Limited Heartland Bank Limited The Hongkong and Shanghai Banking Corporation Limited JPMorgan Chase Bank, N.A. Kiwibank Limited Rabobank New Zealand Limited SBS Bank TSB Bank Limited Westpac New Zealand Limited. Background 3. NZBA is grateful for the opportunity to submit on the New Zealand Business Number Bill, bill number 15-1 (the Bill). 4. NZBA would appreciate the opportunity to make an oral submission to the Committee on this Bill. 5. If the Committee or officials have any questions about this submission, or would like to discuss any aspect of the submission further, please contact: Kirk Hope Chief Executive 04 802 3355 / 027 475 0442 [email protected] 2 General NZBA fully supports the New Zealand Business Number (NZBN) initiative which will significantly help businesses to liaise with Government. -
TSB COMMUNITY TRUST REPORT 2016 SPREAD FINAL.Indd
ANNUAL REPORT 2016 CHAIR’S REPORT Tēnā koutou, tēnā koutou, tēnā koutou katoa Greetings, greetings, greetings to you all The past 12 months have been highly ac ve for the Trust, As part of the Trust’s evolu on, on 1 April 2015, a new Group marked by signifi cant strategic developments, opera onal asset structure was introduced, to sustain and grow the improvements, and the strengthening of our asset base. Trust’s assets for future genera ons. This provides the Trust All laying stronger founda ons to support the success of with a diversifi ca on of assets, and in future years, access to Taranaki, now and in the future. greater dividends. This year the Trust adopted a new Strategic Overview, As well as all this strategic ac vity this year we have including a new Vision: con nued our community funding and investment, and To be a champion of posi ve opportuni es and an agent of have made a strong commitment to the success of Taranaki benefi cial change for Taranaki and its people now and in communi es, with $8,672,374 paid out towards a broad the future range of ac vi es, with a further $2,640,143 commi ed and yet to be paid. Our new Vision will guide the Trust as we ac vely work with others to champion posi ve opportuni es and benefi cial Since 1988 the Trust has contributed over $107.9 million change in the region. Moving forward the Trust’s strategic dollars, a level of funding possible due to the con nued priority will be Child and Youth Wellbeing, with a focus on success of the TSB Bank Ltd. -
Submission Productivity Commission Regulatory Institutions & Practices
Submission to the Productivity Commission on the Regulatory Institutions & Practices Issues Paper 31 October 2013 NEW ZEALAND BANKERS ASSOCIATION Level 15, 80 The Terrace, PO Box 3043, Wellington 6140, New Zealand TELEPHONE +64 4 802 3358 FACSIMILE +64 4 473 1698 EMAIL [email protected] WEB www.nzba.org.nz Submission by the New Zealand Bankers’ Association to the Productivity Commission on the Regulatory Institutions and Practices Issues Paper About NZBA 1. NZBA works on behalf of the New Zealand banking industry in conjunction with its member banks. NZBA develops and promotes policy outcomes which contribute to a safe and successful banking system that benefits New Zealanders and the New Zealand economy. 2. The following fourteen registered banks in New Zealand are members of NZBA: ANZ Bank New Zealand Limited ASB Bank Limited Bank of New Zealand Bank of Tokyo-Mitsubishi, UFJ Citibank, N.A. The Co-operative Bank Limited Heartland Bank Limited The Hongkong and Shanghai Banking Corporation Limited JPMorgan Chase Bank, N.A. Kiwibank Limited Rabobank New Zealand Limited SBS Bank TSB Bank Limited, and Westpac New Zealand Limited. If you have any questions about this submission, or would like to discuss any aspect of it further, please contact: Kirk Hope Chief Executive Telephone: +64 4 802 3355/ +64 27 475 0442 Email: [email protected] 2 Executive Summary 3. NZBA welcomes the decision by the Productivity Commission to undertake an inquiry into regulatory institutions and practices. 4. NZBA submits that quality regulation is essential to an efficient and well-functioning economy. Poorly conceived and implemented regulation can significantly hinder innovation, productivity and ultimately economic growth. -
ADVISERS on BANKS ADVISERS on BANKS 2016 the Results of NZ Adviser’S Inaugural Advisers on Banks Survey Are In
SPECIAL REPORT ADVISERS ON BANKS ADVISERS ON BANKS 2016 The results of NZ Adviser’s inaugural Advisers on Banks survey are in. We reveal which banks topped the rankings and what advisers think about commission, turnaround times, BDM support and more. www.nzadviseronline.co.nz 1 SPECIAL REPORT ADVISERS ON BANKS WHAT ADVISERS WANT IT’S OUT. NZ Adviser has released its first Advisers on Banks report and three banks have risen above the rest, sweeping up our WHAT’S IMPORTANT TO ADVISERS? gold, silver and bronze medals. With the Financial Advisers Act Review, new loan- Turnaround times 4.76 to-value ratio limits being implemented and the official cash rate and interest rates at record lows, it is certainly a time of change Interest rates 4.40 for the industry and now would appear an appropriate time to add to the mix the Credit policy 4.35 opinion of advisers on bank performance. Using an online survey conducted in June- Commission structure 4.19 July this year, we collected advisers’ views on major banks to gain a picture of bank activity in the broker channel. Advisers were asked to BDM support 4.15 rate the performance of the banks they had Communication and dealt with in the last 12 months against 11 engagement 4.15 criteria. What we found was that the smaller Product range 3.73 banks have excelled in clawback policy and turnaround times, the latter which also Clawback policy 3.63 happens to be the issue most important to our survey respondents. What also stood out was the bank that ranked top didn’t just excel Training & development 3.54 in one category but gained consistently high Product diversification scores across the majority. -
Discussion Document: Accessibility of Retirement Savings in Bankruptcy for the Repayment of Creditors
Submission to the Ministry of Business, Innovation and Employment on the Discussion Document: Accessibility of retirement savings in bankruptcy for the repayment of creditors 30 September 2016 NEW ZEALAND BANKERS ASSOCIATION Level 15, 80 The Terrace, PO Box 3043, Wellington 6140, New Zealand TELEPHONE +64 4 802 3358 FACSIMILE +64 4 473 1698 EMAIL [email protected] WEB www.nzba.org.nz About NZBA 1. NZBA works on behalf of the New Zealand banking industry in conjunction with its member banks. NZBA develops and promotes policy outcomes that contribute to a strong and stable banking system that benefits New Zealanders and the New Zealand economy. 2. The following fifteen registered banks in New Zealand are members of NZBA: ANZ Bank New Zealand Limited ASB Bank Limited Bank of China (NZ) Limited Bank of New Zealand Bank of Tokyo-Mitsubishi, UFJ Citibank, N.A. The Co-operative Bank Limited Heartland Bank Limited The Hongkong and Shanghai Banking Corporation Limited JPMorgan Chase Bank, N.A. Kiwibank Limited Rabobank New Zealand Limited SBS Bank TSB Bank Limited Westpac New Zealand Limited. Background 3. NZBA welcomes the opportunity to provide feedback to the Ministry of Business, Innovation and Employment (MBIE) on the Discussion Document: Accessibility of retirement savings in bankruptcy for the repayment of creditors (Discussion Document). 4. NZBA members have a particular interest in the Discussion Document, as they uniquely have competing interests in both insolvency policy (from a creditor perspective) and retirement savings policy (from a KiwiSaver provider perspective). Despite this, NZBA members have a clear view on the proposals in the Discussion Document, outlined below. -
Fitch Affirms Seven New Zealand Financial Institutions
8/30/2017 [ Press Release ] Fitch Affirms Seven New Zealand Financial Institutions Fitch Affirms Seven New Zealand Financial Institutions Fitch Ratings-Sydney-30 August 2017: Fitch Ratings has affirmed the ratings of the following seven New Zealand financial institutions: - Kiwibank Limited; - TSB Bank Limited; - Southland Building Society (SBS); - The Co-operative Bank Limited (Co-op); - Nelson Building Society (NBS); - Credit Union Baywide (CUB); and - Wairarapa Building Society (WBS). At the same time, the agency has assigned Local-Currency Issuer Default Ratings (IDR) to TSB, Co-op and CUB. A full list of rating action is at the end of this commentary. The affirmation of the IDRs, Viability Ratings and instrument ratings for the seven institutions reflects our view that they are likely to continue performing solidly over the next year or two. However, we maintain a negative sector outlook for New Zealand, reflecting rising household indebtedness and high property prices, which could lead to asset quality deterioration if unemployment or interest rates rise. Conversely, dairy exposures, for the institutions that have them, are likely to see improved asset quality if higher global dairy prices are sustained into 2018. Many of these entities are planning for strong loan growth. However, we believe market conditions and regulatory action, including already-implemented macro-prudential tools, may make it increasingly difficult for the banks to sustain such growth levels. KEY RATING DRIVERS IDRs Kiwibank's IDRs reflect Fitch's view that there is an extremely high capacity and likelihood of support from the bank's ultimate owner, the New Zealand sovereign (AA/Stable), if required. -
COVID-19: Business Finance Support
COVID-19: Business Finance Support In partnership with participating approved banks, Government has launched the Business Finance Guarantee Scheme which will support targeted new loans to eligible businesses. Small and medium-sized businesses affected by the economic impacts of Covid-19 may be able to access a financial support package launched to protect jobs and support the economy. Under the Business Finance Guarantee Scheme, businesses with an annual revenue of between $250,000 and $80 million can apply to their banks for loans up to $500,000, for up to three years. The scheme will offer a total of $6.25 billion in loans to New Zealand businesses. The Government is guaranteeing 80% of the risk, while the banks are covering the remaining 20%. Normal lending processes will still apply and banks will make all lending decisions. More information on the announcement can be found at Beehive.govt.nz. Business Finance Guarantee Scheme To be eligible to apply for loans under the scheme, your business must be New Zealand-based and have an annual turnover between $250,000 and $80,000,000. Loans will be available under the scheme until 30 September 2020. Applications to the scheme are already open; details of which can be found on participating banks’ websites. To apply, simply contact your bank to find out whether your financing can be supported under the scheme. Banks participating in the scheme include ANZ, ASB, BNZ, Heartland Bank, HSBC, Kiwibank, SBS Bank, TSB and Westpac. Your bank will follow its normal credit assessment process to see if you qualify for a loan under the scheme, although this process will be modified to enable the bank to give effect to the scheme and to allow the bank to look through the economic cycle to sensibly take account of the uncertainty of the current economic conditions caused by COVID-19. -
Learn from New Zealand and Japan on Postal Banking
Learn from New Zealand and Japan on postal banking By Elisa Barwick basic banking ser- With many Australians unable to access adequate bank- vices and loans to ing services, in August the Communications, Electrical and the government. In Plumbing Union of Australia (CEPU), working with the in- 1987 banking opera- dependent think tank Per Capita, proposed that the 6,990 tions were split from Australia Post branches, already used for banking servic- postal functions to es, be transformed into a public bank. This would also form PostBank, but “underpin the ongoing viability of Australia Post’s servic- it was swallowed up es across Australia”, stated the report entitled “Postbank: by ANZ in 1989. Ki- Filling a Void, Securing Essential Services”. wibank was born For a leading union to speak in favour of the nation- in 2002. It provides al bank solution is a big breakthrough. Furthermore, the basic banking ser- proposal is presented in the context of the historical fight vices, home loans, for national banking in Australia through creation of the business loans, and original Commonwealth Bank. This was a fight which took subsidiary compa- on the City of London centred “Money Power”, which we nies provide wealth are right up against again today, with its extension in the management servic- Bank for International Settlements and Financial Stabili- es, insurance and fi- ty Board, which is leading the push for a global “bail-in” nancial services. regime to confiscate people’s savings in order to save the Former New Zealand Deputy Prime Minister Jim An- bankrupt financial system. derton (1938-2018), who left the Labour Party over his “The story of the Commonwealth Bank of Australia opposition to Rogernomics—NZ’s post-1984 neoliberal (CBA) is a dramatic illustration of the enormous potential economic policy named after then-Labour Finance Min- of public banking as well as a warning of the private oppo- ister Roger Douglas—played the pivotal role in winning sition to it”, the Per Capita paper declared. -
Savings and Transaction Accounts Star Ratings
Savings and Transaction Accounts Star Ratings We endeavour to include the majority of product providers in the market and to compare the product features most relevant to consumers in our ratings. This is not always possible and it may be that not every product in the market is included in the rating nor every feature compared that is relevant to you. Electronic Transactor Company Product "Outstanding Value" ASB Bank Streamline Account Westpac Airpoints Dbt Mastercard‐Electronic Westpac Electronic ANZ Bank Freedom ANZ Bank Go Account Kiwibank Free Up ANZ Bank Select ASB Bank Unlimited BNZ Total Money BNZ YouMoney Heartland Bank Everyday Account Kiwibank Front Runner Kiwibank Now Acct‐Flat Fee Opon SBS Bank Classic Account TSB Bank Premier Cheque Account Westpac Access Flat Fee ASB Bank Omni Account Kiwibank Now Account NZCU Baywide Everyday Westpac Access P A Y G Westpac Earner The Co-operave Bank Current Account The Co-operave Bank Smile on Call Report Date: May, 2017. Savings and Transaction Accounts Star Ratings 2017- Page 1 This report should be read together with the Methodology document. Together the two documents form the research report in relaon to the subject maer. Savings and Transaction Accounts Star Ratings We endeavour to include the majority of product providers in the market and to compare the product features most relevant to consumers in our ratings. This is not always possible and it may be that not every product in the market is included in the rating nor every feature compared that is relevant to you. Flexible -
Financial Institutions Performance Survey FIPS Banks – Review of 2019
Financial Institutions Performance Survey FIPS Banks – Review of 2019 1 3.93% 0.99% escalation in decrease in NPAT operating expenses 8 2 10.85% 3 4.79% rise in net increase in provisions interest income 2 bps 4 5.37% decrease in net increase in interest margins gross lending 7 5 8.91% 6 11 bps rise in gross drop in average impaired assets funding costs Contents 2 The Survey 4 A KPMG view from the editor 8 Industry overview 20 Timeline of events 22 Sector performance 30 Analysis of annual results 38 Major banks: Quarterly analysis 42 Capital adequacy: The bar is set higher 46 Cultural takeaways: Lessons from financial services in China 48 Tax governance and compliance: The new certainty 50 FMA: Looking forward to a year of consolidation and change 52 NZBA: Conduct, culture and capital 54 CoreLogic: Review of property banking in 2019 56 Massey: Banking industry review and forecasts 60 Ownership and credit ratings 61 Descriptions of the credit rating grades 62 Definitions 63 KPMG’s Financial Services Team 64 Contact us KPMG’s Financial Services team provides focused and practical audit, tax and advisory services to the insurance, retail banking, corporate and investment banking, and investment management sectors. Our professionals have an in-depth understanding of the key issues facing financial institutions. Our team is led by senior partners with a wealth of client experience and relationships with many of the market players, regulators and leading industry bodies. 2 | KPMG | FIPS 2019 The Survey The KPMG Financial TABLE 1: ENTITY MOVEMENTS1 Institutions Performance Who’s out Who’s in Survey (FIPS) report of 2019 — Bank of China (NZ) Banking represents the 33rd year that Group Banks: 26 — Nil KPMG has provided in-depth — China Construction Bank (NZ) insights into New Zealand’s Banking Group banking sector.