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Westpac - Latest News [Page 1]

KiwiSaver Members Missing Retirement “bonus” Through Government Contributions

Tuesday, 11 June 2024, 8:48 am | Westpac

KiwiSaver members could be missing out on tens of thousands of dollars of extra savings at retirement if they don’t top up their contributions to qualify for the full government subsidy, according to a Westpac NZ analysis. More >>

Westpac Economic Overview, May 2024 – Doing The Hard Yards

Wednesday, 15 May 2024, 5:06 am | Westpac

"Growth is not at disastrous levels but is weak, and the labour market will do a greater share of the required adjustment.” More >>

Westpac NZ Launches Sustainable Equipment Finance Loan

Friday, 3 May 2024, 5:28 am | Westpac

The new loan provides a competitive five-year rate for business customers. It can be used to purchase a range of sustainable assets as well as for machinery, tools and equipment that will help reduce a business’s carbon footprint. More >>

Innovative Home Ownership Pathways Helping More New Zealanders Into Their First Home Sooner

Thursday, 18 April 2024, 8:48 am | Westpac

A growing number of first home buyers are using alternative pathways to purchase their first home, but many still aren’t aware of the range of options available to them, according to Westpac NZ data. More >>

Westpac Regional Roundup, April 2024

Wednesday, 3 April 2024, 8:41 am | Westpac

The latest GDP figures showed that the economy slipped into recession in the latter part of last year, and the feedback we’ve received from households and businesses is that conditions have remained challenging in the early part of 2024. More >>

Signs Of Relief Among Workers

Tuesday, 26 March 2024, 9:42 am | Westpac

Westpac McDermott Miller Employment Confidence, March quarter 2024 The Westpac McDermott Miller Employment Confidence Index (ECI) rose by 4.7 points to 104.4 in the March quarter. This takes the index back into net positive territory, after some softer ... More >>

Westpac NZ Introduces Gambling Account Block To Support Customers

Tuesday, 19 March 2024, 6:06 am | Westpac

The introduction of the gambling block is the latest initiative in Westpac’s Extra Care programme of work. The gambling block empowers the customers to stay in control of their finances. More >>

Westpac Economic Bulletin: New Zealand Residential Construction Update, March 2024

Friday, 15 March 2024, 8:51 am | Westpac

We’re going to need lots of houses Westpac’s latest Economic Bulletin looks at what the big swings in New Zealand’s population means for housing supply and home building. The past few years have seen some parts of New Zealand catching up ... More >>

Westpac NZ Announces Changes To Board Of Directors

Wednesday, 13 March 2024, 6:37 pm | Westpac

Westpac NZ has announced the appointment of Debbie Birch as an independent non-executive director, effective 18 April 2024. Ms Birch brings more than 30 years of financial markets experience, including managing global investment portfolios. She’s held ... More >>

Westpac Economic Overview, February 2024 – Staying The Course

Wednesday, 21 February 2024, 9:18 am | Westpac

Westpac has just released its latest Economic Overview. Overall growth outlook “2024 looks set to be a year where households and businesses hunker down, and where the Reserve Bank stays the course by maintaining high interest rates to ensure inflation ... More >>

Westpac NZ Announces Changes To Interest Rates

Friday, 9 February 2024, 9:07 am | Westpac

Westpac NZ is lowering its fixed housing rates across a range of terms from one year to five years. The decreases on fixed home loan rates of between 10 and 20 basis points mean the bank has some of the lowest home loan rates in market. Westpac NZ ... More >>

Westpac NZ Improves Access To Bank Accounts For Kiwis Going Through Tough Times

Wednesday, 24 January 2024, 1:01 pm | Westpac

Westpac NZ has updated its bankruptcy policy to improve access to basic banking services for Kiwis going through tough times. The Westpac NZ Access to Banking in Aotearoa Report , released last year, found New Zealanders who had been made bankrupt ... More >>

Westpac Shares Tips For A Fun Festive Season As Survey Shows Reduced Spending Plans

Tuesday, 12 December 2023, 6:20 pm | Westpac

Westpac NZ is encouraging Kiwis to have a great time this Christmas without adding to financial stress, as new research shows nearly half of people are expecting to spend less money this summer amid cost of living pressures. A survey of 1,110 Westpac ... More >>

New Zealanders Call For More Climate Action As Urgency Grows, Survey Finds

Tuesday, 28 November 2023, 9:04 am | Westpac

Around half of New Zealanders are more worried about climate change following this year’s severe weather events, and the majority are looking for affordable ways to take action in their own lives, according to new research from Westpac NZ. A survey ... More >>

Westpac Industry Insight: Artificial Intelligence

Friday, 24 November 2023, 9:29 am | Westpac

Oh yes, this is the great transformer. Businesses who adopt AI are likely improve their competitiveness, while those who don’t will struggle and face an uncertain future, according to a report by Westpac NZ’s Economics team. Westpac’s Industry ... More >>

Westpac NZ Offers 6.99% 2-year Home Loan Rate And Cuts Longer Term Rates

Thursday, 23 November 2023, 4:18 pm | Westpac

Westpac NZ is making a range of changes to its housing and term deposit rates, giving it the lowest advertised special home loan rates of the five major banks on all terms from 2 to 5 years. The bank is cutting its popular 2-year special home loan rate ... More >>

Westpac NZ Launches Water Safety Initiative To Tackle Rising Drowning Numbers

Wednesday, 8 November 2023, 9:00 am | Westpac

Westpac NZ is supporting Water Safety New Zealand with its popular Westpac Rescue Rashies to help to keep our youngest whānau members safe around water as Kiwis prepare to hit their favourite summer hot spots. Sadly, preventable drownings hit a ten-year ... More >>

Westpac NZ Adopts Biometric Technology To Help Keep Customers Safe

Tuesday, 7 November 2023, 9:44 am | Westpac

Westpac NZ is integrating biometrics software into its fraud monitoring systems to help protect its customers from falling victim to scams. Westpac is the first New Zealand bank to partner with Biocatch, a global cybersecurity company that analyses ... More >>

Westpac NZ Strengthens Business To Support Customers Through Challenging Period

Monday, 6 November 2023, 10:35 am | Westpac

Westpac New Zealand (Westpac NZ) [i] has reported a net profit of $963 million for the 12 months ended 30 September 2023 [ii] and is well positioned to support customers through the current challenging economic conditions. Excluding Notable Items, such ... More >>

Westpac Economic Overview, October 2023 – Trick Or Treat?

Tuesday, 31 October 2023, 8:58 am | Westpac

Westpac has just released its latest Economic Overview. “Inflation is likely to remain above the Reserve Bank’s 1-3% target range for all of 2024,” noted Chief Economist Kelly Eckhold. “While we are seeing lower imported goods and food inflation, ... More >>





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