Westpac New Zealand - Latest News [Page 1]

Westpac Economic Overview, May 2022 – The Right Amount Of Pressure

Tuesday, 17 May 2022, 5:52 am | Westpac New Zealand

Westpac’s quarterly Economic Overview finds that economic growth is set to slow both in New Zealand and around the world, as central banks come to terms with what’s needed to bring inflation under control. “The challenge the Reserve Bank faces ... More >>

Westpac NZ Supports Savers With Across-the-board Term Deposit Increases

Thursday, 3 February 2022, 3:44 pm | Westpac New Zealand

Westpac NZ is raising term deposit rates to support savings customers, including a new 12-month rate of 2.40% that’s the highest among the major banks. The rate changes will take effect on Friday 4 February, giving Westpac the highest or joint-highest ... More >>

Westpac NZ Warns Of Scam Targeting Chinese Bank Customers

Friday, 28 January 2022, 12:37 pm | Westpac New Zealand

Westpac NZ is warning New Zealanders to look out for a so-called “penalty scam” that is particularly targeting Chinese customers. Westpac NZ Head of Financial Crime Mark Coxhead says his team is seeing an increase in threat and penalty scams, in ... More >>

Westpac NZ Warns About Sophisticated New Scam

Tuesday, 18 January 2022, 2:34 pm | Westpac New Zealand

Westpac NZ is warning New Zealanders about a sophisticated new scam that involves a fake Westpac investment prospectus. The prospectus is formatted to resemble a Westpac document and includes professional-looking imagery. Westpac NZ Chief Risk Officer ... More >>

New Year Brings New Attitudes To How We Work And Spend

Tuesday, 18 January 2022, 8:00 am | Westpac New Zealand

The lessons learned from COVID-19 are continuing to shape New Zealanders’ way of life as we head into 2022, according to new research by Westpac NZ. A survey of more than 1,300 Westpac customers found Kiwis’ financial priorities had changed ... More >>

Westpac Regional Roundup, December 2021

Wednesday, 15 December 2021, 6:33 am | Westpac New Zealand

The emergence of the Delta variant has created a performance gap between regions that were forced into lockdown and those that were able to operate with fewer restrictions. That though is set to close with the introduction of the traffic light system and ... More >>

Rescue Rashies Help Tackle Our Stubbornly High Drowning Rates

Wednesday, 1 December 2021, 9:04 am | Westpac New Zealand

Westpac NZ is reviving its focus on water safety this summer in a bid to help reduce New Zealand’s worryingly high drowning toll, especially among children. The country has a high rate of drowning deaths compared to many other OECD countries, with 1.6 ... More >>

Westpac NZ Actions Findings Of Independent Risk Governance Review

Thursday, 25 November 2021, 8:28 am | Westpac New Zealand

Westpac NZ accepts the findings of the independent risk governance review carried out by consultancy firm Oliver Wyman and is well advanced in addressing recommendations in the report. The Reserve Bank of New Zealand (RBNZ) had required Westpac NZ to ... More >>

Million Dollar Prize Up For Grabs For Innovators Working To Decarbonise Aotearoa

Wednesday, 17 November 2021, 7:12 am | Westpac New Zealand

The Westpac NZ Government Innovation Fund has announced a $1 million funding pool to drive innovation around financing and incentivising the decarbonisation of Aotearoa. The Innovation Fund is powered by Westpac NZ and jointly administered with the government. ... More >>

Westpac Economic Overview, November 2021 – We Have Lift-off

Tuesday, 16 November 2021, 7:24 am | Westpac New Zealand

Westpac’s latest Economic Overview finds that in many respects the New Zealand economy has continued to launch ahead in recent months. That is despite the setback of the Covid-19 outbreak that began in August. “Businesses were better positioned ... More >>

Westpac NZ’s Investment Arm Commits Funds To Leading Global Sustainable Share Index

Friday, 5 November 2021, 8:54 am | Westpac New Zealand

Westpac NZ’s KiwiSaver and investment arm, BT Funds Management NZ (BTNZ), has taken another step towards aligning its portfolio with its climate objective of supporting efforts to limit global temperature rises. BTNZ believes it is the first KiwiSaver ... More >>

Retailing In New Zealand – Crossing The Digital Rubicon

Tuesday, 28 September 2021, 6:48 am | Westpac New Zealand

The traditional retail model is changing with digital technologies disrupting retail supply chains, transforming operational processes, and revolutionising how products are marketed and sold, according to new research from Westpac’s economics team. ... More >>

Jobs Easier To Find, But Workers Still Cautious About Their Prospects

Saturday, 25 September 2021, 5:48 am | Westpac New Zealand

Westpac McDermott Miller Employment Confidence, September quarter 2021  The Westpac McDermott Miller Employment Confidence Index rose 1.8 points in the September quarter, to a level of 105.7. The Index is 2.9 points higher than it was at the end ... More >>

Catherine Mcgrath Appointed CEO, Westpac New Zealand

Friday, 24 September 2021, 9:47 am | Westpac New Zealand

Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand. <img src="https://img.scoop.co.nz/stories/images/2109/efb712db72b04adf5188.jpeg" ... More >>

Two new directors appointed to WNZL Board

Monday, 20 September 2021, 1:01 pm | Westpac New Zealand

The Board of Westpac New Zealand Limited has announced the appointment of two new directors. Sam Knowles joins the Board as an independent non-executive director from today. “Few people in Australasia know the banking industry as well as Sam,” ... More >>

Westpac Economic Overview, August 2021 – Rapid Escalation

Tuesday, 17 August 2021, 5:25 am | Westpac New Zealand

The Westpac Economics team’s latest Economic Overview highlights how conditions in the New Zealand economy have changed dramatically in the last few months. “Supply-side constraints on the economy have been apparent for some time,” said Westpac’s ... More >>

Westpac NZ Cuts Fees To Boost KiwiSaver Balances

Tuesday, 20 July 2021, 5:59 am | Westpac New Zealand

Westpac NZ is reducing fees on its Westpac KiwiSaver Scheme funds, delivering significant savings for more than 380,000 members. As well as removing its annual $12 administration fee, the bank is cutting a range of fund charges by up to 39%. BT Funds Management ... More >>

Westpac New Zealand To Remain Part Of Westpac Group

Thursday, 24 June 2021, 9:52 am | Westpac New Zealand

Westpac New Zealand Limited (WNZL) remains part of Westpac Group following a decision for the two businesses not to demerge. Westpac Group Chief Executive Officer, Peter King, said: “After a detailed review, we believe a demerger of the WNZL business ... More >>

Westpac NZ Announced As Premier Partner Of APEC 2021 CEO Summit

Friday, 11 June 2021, 5:42 am | Westpac New Zealand

Westpac NZ has been unveiled as a major supporter of Asia-Pacific Economic Cooperation (APEC) 2021, at a launch event in Auckland on Thursday evening. The bank will be a Premier Partner of the APEC 21 CEO Summit, a two-day event in November bringing ... More >>

Westpac NZ Gives Employees Special Leave To Get Vaccinated

Monday, 7 June 2021, 3:31 pm | Westpac New Zealand

Westpac New Zealand is introducing paid special leave for employees to attend COVID-19 vaccination appointments. Westpac NZ General Manager of Institutional and Business Banking, Simon Power, says that employees will be able to apply for a half day special ... More >>