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Westpac New Zealand - Latest News [Page 3]
From ‘Squeeze’ To ‘Crush’ – Households’ Finances And Rising Interest Rates
Wednesday, 18 January 2023, 7:00 am | Westpac New Zealand
Households’ finances are being squeezed. As discussed in Westpac’s latest Economic Bulletin “ From squeeze to crush” those pressures are coming on several big fronts. High levels of inflation are eroding our spending power. Borrowing costs are pushing ... More >>
Westpac Offers Thousands Of CPR Rescue Rashies To Combat Rising Drowning Numbers
Monday, 21 November 2022, 9:34 am | Westpac New Zealand
Westpac NZ is helping Kiwi families to stay safe around the water this summer, by providing rash vests that unzip to reveal clear CPR instructions. Westpac Rescue Rashies are designed to fit children aged 2 to 8. They provide potentially life-saving ... More >>
Westpac Economic Overview, November 2022 – No Easy Way Down
Tuesday, 15 November 2022, 5:34 am | Westpac New Zealand
Mounting pressure on domestic prices and wages means that the odds of a soft landing for the New Zealand economy are getting slimmer, according to Westpac’s latest Economic Overview . Persistently high inflation means that the Official Cash Rate ... More >>
Wholesaling In New Zealand – Pushing The Digital Limits
Monday, 17 October 2022, 4:59 am | Westpac New Zealand
Digital technologies and rising customer expectations are set to transform New Zealand’s wholesale sector over coming years, according to new research from Westpac’s economics team. New Zealand has over 16,700 wholesale firms, which generated sales of $138bn ... More >>
Jobs Plentiful, But Workers Aren’t Seeing The Money
Wednesday, 28 September 2022, 9:12 am | Westpac New Zealand
Westpac McDermott Miller Employment Confidence, September quarter 2022 The Westpac McDermott Miller Employment Confidence Index (ECI) rose by 6.7 points to 115.2 in the September quarter. This is the highest level for the index since June 2019. “Perceptions ... More >>
Westpac Economic Overview, August 2022 – Pushing Through
Tuesday, 16 August 2022, 5:21 am | Westpac New Zealand
The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview . “An overstimulated economy in the wake of the Covid shock has led to the most serious bout of inflation ... More >>
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 >>
