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Westpac - Latest News [Page 1]

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 >>

Westpac NZ’s Venture Capital Arm Leads $1.4m Investment Round Into Akahu

Friday, 13 October 2023, 5:55 am | Westpac

Red Bird Ventures, the corporate venture capital fund of Westpac NZ, has led a $1.4m investment round into Kiwi fintech Akahu, alongside co-investors K1W1 and NZ7 Investments. As well as the investment, the partnership will provide the bank with valuable insight ... More >>

Westpac Regional Roundup, October 2023

Wednesday, 11 October 2023, 5:57 am | Westpac

Nationwide trends Our recent discussions with households and businesses have highlighted that New Zealand is now in a tougher phase of the economic cycle, with some key trends being seen right across the country. First, is that demand conditions are cooling. ... More >>

Westpac McDermott Miller Employment Confidence, September Quarter 2023

Wednesday, 27 September 2023, 9:44 am | Westpac

The Westpac McDermott Miller Employment Confidence Index (ECI) fell by 7.4 points to 98.3 in the September quarter. This is the first time since March 2021 that households have held a negative view about conditions in the labour market, and the lowest reading ... More >>

Westpac NZ Supports Savings Customers With 6% Term Deposit

Monday, 25 September 2023, 9:30 am | Westpac

Westpac NZ is offering greater value to savings customers by increasing its 9-month term deposit rate to 6.00% pa. The 15 basis point (0.15%) rate increase gives Westpac the highest 9-month rate among its main competitors. At the same time, the bank is ... More >>

Financial Support Available To Westpac NZ Customers Affected By Severe Weather

Friday, 22 September 2023, 11:15 am | Westpac

Westpac NZ is offering financial support to business and consumer customers affected by extreme weather in the lower South Island. Options may include: Business customers Suspension of principal payments on loans for up to three months. Deferred payment ... More >>

Household Confidence Down As Financial Pressures Bite

Friday, 22 September 2023, 9:36 am | Westpac

Westpac McDermott Miller Consumer Confidence, September quarter 2023 The Westpac McDermott Miller Consumer Confidence Index fell 2.9 points in September to a level of 80.2. That’s well below average and signals that the number of New Zealand households ... More >>

Employment Confidence Falls As Job Opportunities Narrow

Tuesday, 27 June 2023, 9:14 am | Westpac

Westpac McDermott Miller Employment Confidence, June quarter 2023 The Westpac McDermott Miller Employment Confidence Index (ECI) fell by 3.9 points to 105.6 in the June quarter. While households remained positive on balance about conditions in the labour ... More >>

Innovation Partnerships Help Kiwis Into Affordable, Quality Housing

Thursday, 22 June 2023, 11:47 am | Westpac

Three housing initiatives supporting Māori, Pasifika and people buying through co-ownership have recently been granted funding from the Westpac NZ Government Innovation Fund. The initiatives were selected as part of its most recent funding intake - ‘Bringing ... More >>

Westpac McDermott Miller Consumer Confidence, June Quarter 2023

Tuesday, 20 June 2023, 9:03 am | Westpac

Financial pressures continuing to bite Consumer confidence is continuing to languish at low levels in the face of mounting financial pressures. The Westpac McDermott Miller Consumer Confidence Index rose 5.4 points in June, to a level of 83.1. However, ... More >>





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