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Westpac - Latest News [Page 4]
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 >>
Westpac offers relief options to business customers affected by COVID-19
Friday, 20 August 2021, 1:01 pm | Westpac
Westpac NZ is offering financial support to business customers affected by the latest COVID-19 lockdown. The relief package features a range of possible support options, which may include: - Suspension of principal loan payments for up to three months; ... More >>
Flood-affected Westpac Customers Offered Relief Options
Monday, 19 July 2021, 11:23 am | Westpac
Westpac NZ is offering financial support to personal and business customers affected by flooding in the West Coast and Marlborough regions. The relief package features a range of possible support options for both business and personal customers. These ... More >>
Westpac New Zealand Chair Jan Dawson To Retire From Board
Tuesday, 6 July 2021, 1:06 pm | Westpac
Jan Dawson CNZM, Chair of the Board of Westpac New Zealand, will retire on 1 October 2021 and will be replaced as Chair by current director Pip Greenwood. Ms Dawson joined the Board as a director in July 2011 and was appointed Chair in February 2015. She ... More >>
Westpac And Fidelity Life Enter Strategic Life Insurance Alliance
Tuesday, 6 July 2021, 10:00 am | Westpac
Westpac Group has announced it will sell its New Zealand life insurance business, Westpac Life-NZ-Limited, to New Zealand’s largest locally owned life insurer, Fidelity Life, as part of a long-term strategic alliance. Under the terms of the agreement, ... More >>
Innovative Social Loan To Improve Education Outcomes For New Zealanders
Monday, 28 June 2021, 9:53 am | Westpac
Westpac NZ and Te Pūkenga have signed Australasia’s first ever Social Loan in alignment with international sustainable finance principles. The $125m Social Loan will enable Te Pūkenga to offer better learning and employment opportunities to ... More >>
