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Westpac - Latest News [Page 2]
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 >>
Westpac NZ Launches Sustainable Farm & Sustainable Business Loans
Thursday, 15 June 2023, 6:56 am | Westpac
Westpac NZ has launched two new sustainable loans for farming and corporate business customers, including New Zealand’s first ever whole of farm sustainable loan. Westpac NZ Chief Executive Catherine McGrath says the new Sustainable Farm Loan and Sustainable ... More >>
Grocery Retailing – Positive Steps, But Not Transformative
Friday, 12 May 2023, 10:42 am | Westpac
Westpac’s NZ Industry Economist Paul Clark says that the current cost of living crisis and growing concerns over food prices have brought last year’s Commerce Commissions’ recommendation for reforming the grocery sector back into focus. A ... More >>
Westpac New Zealand Reports Stable Underlying Performance
Monday, 8 May 2023, 10:39 am | Westpac
Westpac New Zealand (Westpac NZ) [i] has reported a 33% fall in net profit [ii] for the six months ended 31 March 2023, compared with the same period last year, but says its underlying performance has been stable. Last year’s one-off sale of ... More >>
Westpac NZ Working To Help More New Zealanders Get A Bank Account
Wednesday, 5 April 2023, 6:31 am | Westpac
Westpac NZ says greater action is needed to make it easier for vulnerable New Zealanders to access a bank account. A new report commissioned by Westpac NZ and carried out by research agency ThinkPlace shows there are substantial barriers that prevent some ... More >>
Westpac NZ Increases Financial Support To Community Law Centres O Aotearoa
Tuesday, 14 March 2023, 12:47 pm | Westpac
Westpac NZ is boosting its financial support for Community Law Centres o Aotearoa (CLCA) to provide greater certainty and enable community law centres to help more vulnerable clients. By law, funds held in solicitors’ nominated trust accounts ... More >>
Westpac Economic Overview, February 2023 – Weathering The Storm
Tuesday, 28 February 2023, 6:49 am | Westpac
The Reserve Bank’s past efforts to tighten monetary policy will really come home to roost this year, according to Westpac’s latest Economic Overview . “Homeowners with mortgages are now rolling onto much higher interest rates than before,” says ... More >>
Westpac Offers Temporary Overdrafts For Customers Affected By Severe Weather
Thursday, 16 February 2023, 12:53 pm | Westpac
Westpac NZ is welcoming Government regulatory changes that will make it faster and simpler for customers who have been affected by severe weather to apply for a personal temporary overdraft. The changes provide a temporary exemption to some of the affordability ... More >>
Westpac Extends Relief Options To Customers Affected By Cyclone Gabriellewestpac
Monday, 13 February 2023, 1:09 pm | Westpac
Westpac NZ is extending relief options for customers in regions affected by Ex Tropical Cyclone Gabrielle, including Tairāwhiti, Northland, Auckland and Thames-Coromandel, where a state of emergency has been declared. Small businesses may be eligible for ... More >>
Westpac NZ Launches $1 Million Fund To Help Small Businesses Affected By Flooding
Thursday, 2 February 2023, 2:11 pm | Westpac
Westpac NZ has today launched a $1 million fund to help its small business customers impacted by the floods in the upper North Island. Small business customers who meet the eligibility criteria can apply for a $2,500 cash grant to help with urgent expenses ... More >>
Westpac Offers Relief Options To Customers Affected By Flooding
Saturday, 28 January 2023, 12:14 pm | Westpac
Westpac NZ is offering financial support to personal and business customers affected by flooding. The relief package features a range of possible support options for both business and personal customers. These may include: - Suspension of principal ... More >>
Employment Confidence Falls As Recession Concerns Loom
Thursday, 19 January 2023, 1:25 pm | Westpac
Westpac McDermott Miller Employment Confidence, December quarter 2022 The Westpac McDermott Miller Employment Confidence Index (ECI) fell to 108.0 in the December quarter, from a post-Covid high of 115.2 in the September quarter. “The outlook ... More >>
Westpac McDermott Miller Consumer Confidence, December Quarter 2022
Monday, 19 December 2022, 10:47 am | Westpac
The Westpac McDermott Miller Consumer Confidence Index fell sharply in December, dropping 12 points to 75.6. That’s the lowest level consumer confidence has been since the survey began in 1988, and indicates that there are far more New Zealanders ... More >>
Westpac Regional Roundup, December 2022
Wednesday, 14 December 2022, 9:29 am | Westpac
Regions with a high exposure to export markets, particularly agriculture/horticulture and foreign tourism, will generally fare better than those that don’t, according to Westpac’s latest Regional Roundup which summarises the economic outlook by region ... More >>
Westpac NZ Welcomes New Chief Economist
Tuesday, 13 December 2022, 2:07 pm | Westpac
Westpac has announced the appointment of Kelly Eckhold as its new Chief Economist in New Zealand. Westpac NZ Chief Executive Catherine McGrath says Kelly brings a wealth of crucial expertise from across the financial sector. “The New Zealand ... More >>
