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Westpac - Latest News [Page 3]
Westpac NZ Changes Credit And Debit Card Rewards
Monday, 5 December 2022, 10:48 am | Westpac
Westpac NZ is moving to new tiered systems for its consumer credit card rewards following regulatory changes that cap some fees paid by merchants. The bank is contacting Airpoints™ and hotpoints® cardholders about the changes, which will take effect ... More >>
Westpac New Zealand Well Positioned To Support Customers
Monday, 7 November 2022, 10:15 am | Westpac
Westpac New Zealand (Westpac NZ) [i] says a solid full-year financial result puts it in a strong position to support customers, amid an uncertain economic environment. Westpac NZ’s cash earnings [ii] were up 15% for the 12 months ended 30 September ... More >>
Westpac NZ Offers Fee-free Credit Card
Thursday, 27 October 2022, 10:07 am | Westpac
New Zealanders are now able to apply for a credit card that is completely free of fees, providing another way to help manage their finances amid the rising cost of living. No annual fee No foreign currency fee No late payment fee No replacement ... More >>
Westpac McDermott Miller Consumer Confidence, September Quarter 2022
Thursday, 22 September 2022, 8:57 am | Westpac
The Westpac McDermott Miller Consumer Confidence Index rose 8.9 points in the September quarter to a level of 87.6. While that is up from the record lows seen earlier in the year, confidence remains weak. There are still many more New Zealanders who are ... More >>
Westpac NZ Removes Nine Lending And Overdraft Fees
Thursday, 15 September 2022, 2:56 pm | Westpac
Westpac NZ has removed nine fees relating to the establishment and administration of loans and overdrafts. Westpac NZ General Manager of Consumer Banking and Wealth Ian Hankins says the removal of the fees will save customers money and simplify processes, ... More >>
New $1 Million Fund To Encourage Housing Innovation In NZ
Monday, 5 September 2022, 10:17 am | Westpac
The Westpac NZ Government Innovation Fund is making $1 million in funding available for innovators working to help New Zealanders into quality homes. The Innovation Fund is funded by Westpac NZ and jointly governed by an Investment Board made up ... More >>
Scammers Appear More Convincing By Faking Phone Numbers
Friday, 2 September 2022, 9:11 am | Westpac
Almost half of Westpac NZ customers say they are finding it harder to identify scams, as criminals adopt increasingly sophisticated approaches to swindle their victims. In a new survey of more than 1300 Westpac NZ customers, 87% of respondents believed ... More >>
Westpac NZ Announces Package Of Sustainability Initiatives
Wednesday, 27 July 2022, 10:18 am | Westpac
Westpac NZ is expanding its interest-free loans that help customers make their homes warmer, healthier and more energy efficient, as part of a package of sustainability announcements. More >>
Jobs Plentiful For Now, But The Outlook For Jobs And Earnings Dims.
Thursday, 23 June 2022, 9:02 am | Westpac
Westpac McDermott Miller Employment Confidence, June quarter 2022 The Westpac McDermott Miller Employment Confidence Index fell 5 points in the June quarter to a level of 108.5. This was the first fall in employment confidence since June 2020, when the ... More >>
Consumer Confidence Plummets To Record Lows As Financial Pressures Mount
Tuesday, 21 June 2022, 9:47 am | Westpac
The Westpac McDermott Miller Consumer Confidence Index dropped sharply in the June quarter, falling 13 points to a level of 78.7. That’s the lowest level recorded since the survey began in 1988, and indicates that there are far more New Zealanders ... More >>
Westpac Regional Roundup, June 2022
Friday, 17 June 2022, 5:31 am | Westpac
With agricultural incomes set to remain firm, regions with a rural backbone should continue to outperform their big city counterparts. Regions that depend on international tourism are also expected to close the performance gap on the pack, according to ... More >>
David Green Appointed To Westpac NZ Board
Friday, 3 June 2022, 10:23 am | Westpac
The Board of Westpac New Zealand has announced the appointment of David Green as an independent non-executive director, effective 7 June 2022. Mr Green worked for 14 years at ANZ Group and most recently held the role of Singapore CEO and Head of ... More >>
Westpac NZ Welcomes Findings Of Liquidity Risk Report
Monday, 30 May 2022, 9:47 am | Westpac
Westpac NZ welcomes the findings of an independent review by Deloitte into the bank’s liquidity risk controls and risk culture, and says it is concentrating on completing remaining actions. Deloitte’s report was released by the Reserve Bank of New Zealand ... More >>
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 >>
