Westpac - Latest News [Page 1]

Westpac New Zealand Lifts Cash Earnings, Supports Customers

Monday, 9 May 2022, 9:50 am | Westpac

Westpac New Zealand (Westpac NZ) has increased cash earnings by 9% for the six months ended 31 March 2022, compared with the same period last year, as it continues to support households and business More >>

New Zealand’s Professional Services Sector On The Cusp Of Big Changes

Friday, 6 May 2022, 5:41 am | Westpac

While firming economic activity should be good news for professional services over the coming year, the sector is likely to face significant disruption thereafter, according to new research from Westpac NZ’s economic team. Westpac NZ Industry ... More >>

New Zealanders Confident They Can Cope With Rising Prices, Survey Finds

Friday, 8 April 2022, 6:22 am | Westpac

More than two-thirds of New Zealanders are confident they can cope with rises in the cost of living and more than half are already taking positive steps to manage their finances, according to new research from Westpac NZ. A survey of more than ... More >>

Jobs Are Plentiful, But Earnings Not Keeping Pace With Inflation

Thursday, 24 March 2022, 10:09 am | Westpac

The Westpac McDermott Miller Employment Confidence Index rose 6.6 points in the March quarter to a level of 113.5. This is the highest reading for the index since June 2019. Michael Gordon, Acting Chief Economist for Westpac, noted that the rise ... More >>

Consumer Confidence Has Continued To Drop As The Pressure On Households’ Finances Has Mounted

Tuesday, 22 March 2022, 9:48 am | Westpac

Westpac McDermott Miller Consumer Confidence, March quarter 2022 Consumer confidence has continued to drop and is now at its lowest level since the 2008 Global Financial Crisis. The Westpac McDermott Miller Consumer Confidence Index fell 7 points in March More >>

Westpac Completes Sale Of New Zealand Life Insurance Business To Fidelity Life

Monday, 28 February 2022, 7:04 pm | Westpac

Westpac Group has today announced it has completed the sale of its New Zealand life insurance business, Westpac Life, to New Zealand’s largest locally owned life insurer, Fidelity Life, for NZ$400 million. As part of the sale, Westpac Life has been renamed ... More >>

Westpac Economic Overview, February 2022 – The Bill Comes Due

Tuesday, 22 February 2022, 6:38 am | Westpac

Westpac’s latest Economic Overview shows that New Zealand has continued to benefit from its strong economic and health response to Covid-19. But the price of that success is becoming apparent, with capacity constraints and higher inflation likely to be ... More >>

More Kiwi Homeowners Putting Extra Money On The Mortgage

Friday, 18 February 2022, 7:57 am | Westpac

A majority of Kiwi households with mortgages are financially better positioned than a year ago to cope with the twin strains of Omicron and rising interest rates, according to Westpac NZ data. 68.1% of Westpac’s home loan customers were ahead on mortgage ... More >>

Survey Sheds Light On New Zealanders’ Housing Dreams For 2022

Wednesday, 9 February 2022, 6:41 am | Westpac

  New Zealanders want bigger houses and better lifestyles, and some are ready for a move out of the city, according to new research from Westpac NZ.  The survey of more than 1,300 Westpac customers found the COVID-19 pandemic has forced ... More >>

More Job Opportunities, But Growth In Workers’ Earnings Remains Subdued

Thursday, 20 January 2022, 2:11 pm | Westpac

Westpac McDermott Miller Employment Confidence, December quarter 2021 The Westpac McDermott Miller Employment Confidence Index rose 1.2 points in the December quarter, to a level of 106.9. This was the sixth straight rise in the index since the Covid-19 ... More >>

Westpac NZ Welcomes Two New Executives

Monday, 20 December 2021, 1:29 pm | Westpac

Westpac NZ has announced the appointment of Tania O’Brien to the role of Chief Financial Officer and Martin Gaskell to the role of Chief Transformation Officer. Westpac NZ Chief Executive Catherine McGrath said Ms O’Brien and Mr Gaskell would ... More >>

Westpac McDermott Miller Consumer Confidence, December Quarter 2021

Monday, 20 December 2021, 10:44 am | Westpac

The Westpac McDermott Miller Consumer Confidence Index took another step down in December, dropping 3.6 points to a level of 99.1. An index number below 100 indicates that there are more New Zealanders who are pessimistic about the economic environment ... More >>

Westpac New Zealand Announces Solid Financial Result

Monday, 1 November 2021, 9:57 am | Westpac

Strong momentum in the economy has contributed to a solid full year financial result for Westpac New Zealand (Westpac NZ) [i] . Acting Chief Executive Simon Power said COVID-19 was causing significant strain and uncertainty for parts of the community ... More >>

Māori Economy Faces Obstacles And Opportunities For Growth, Report Finds

Wednesday, 13 October 2021, 12:19 pm | Westpac

Māori businesses are growing in number but are underrepresented within Aotearoa’s economy and face barriers to growth, according to research commissioned by Westpac NZ and authored by BERL and OpinioNative. Speaking at an APEC 2021 Live with Business ... More >>

Westpac NZ Gives Staff Extra Five Days Of Leave For Wellbeing

Friday, 8 October 2021, 7:29 am | Westpac

Employees at Westpac NZ are being given five days of Wellbeing Leave every year as a way to help them look after themselves and their families. More than 4500 employees will benefit from the change, which has been introduced alongside increased entitlements ... More >>

Westpac NZ Works With Kāinga Ora To Get More Kiwi Families Into New Homes

Tuesday, 5 October 2021, 12:57 pm | Westpac

Westpac NZ is welcoming a new shared equity scheme unveiled by Kāinga Ora that will provide a new and accessible path to home ownership for Kiwi families. Under the First Home Partner product, eligible homeowners can apply to Kāinga Ora for ... More >>

Westpac McDermott Miller Consumer Confidence September 2021

Tuesday, 21 September 2021, 9:57 am | Westpac

The Westpac McDermott Miller Consumer Confidence Index fell 4.4 points in September, taking it to a level of 102.7. “With the dialling up of the Alert Level across the country, household confidence has taken a knock,” said Westpac’s Acting Chief ... More >>

Dramatic change to Kiwis’ spending habits during lockdown

Friday, 3 September 2021, 4:11 pm | Westpac

New data from Westpac NZ shows a dramatic change in spending habits by New Zealanders in the first fortnight of lockdown. Home meal kits and digital downloads were in hot demand as households readjusted to life within their own four walls, while shops ... More >>

Westpac supports business customers with contactless waiver

Friday, 3 September 2021, 10:53 am | Westpac

Westpac NZ is waiving contactless debit merchant service fees for eligible small business customers for September and October. The waiver comes on top of recent support measures, including waiving minimum monthly merchant service fees for eligible small ... More >>

Three new directors appointed to WNZL Board

Tuesday, 31 August 2021, 12:55 pm | Westpac

The Board of Westpac New Zealand Limited has announced changes to its membership, with one director retiring and three others being appointed. Malcolm Bailey is retiring from the Board after a term of nine years. “We’ve been fortunate to be able to ... More >>