Post by Kiwi Frontline on May 19, 2024 6:11:24 GMT 12
BANKS ON LONG JOURNEY TO FINANCE MORE HOME-BUILDING ON WHENUA MĀORI
Māori banking leaders have told the Commerce Commission of a decade of progress towards better banking Māori iwi, hapu and whānua.
But the heads of Māori banking from Kiwibank, ANZ, Westpac, ASB and Bank of New Zealand (BNZ), who spoke at the commission’s conference on banking competition, acknowledged it remained challenging for iwi, hapu and whānau to get bank finance to build much-needed homes on collectively-owned whenua Māori.
In its draft report on retail banking, released in March, the commission found many Māori were satisfied with their access to banking.
However, that was not a universal experience, and perceptions lingered that banks were biased against Māori, did not have enough Māori leaders and staff, and did not understand Māori cultural and whānau dynamics.....
www.thepost.co.nz/business/350280099/banks-long-journey-finance-more-home-building-whenua-maori
Māori banking leaders have told the Commerce Commission of a decade of progress towards better banking Māori iwi, hapu and whānua.
But the heads of Māori banking from Kiwibank, ANZ, Westpac, ASB and Bank of New Zealand (BNZ), who spoke at the commission’s conference on banking competition, acknowledged it remained challenging for iwi, hapu and whānau to get bank finance to build much-needed homes on collectively-owned whenua Māori.
In its draft report on retail banking, released in March, the commission found many Māori were satisfied with their access to banking.
However, that was not a universal experience, and perceptions lingered that banks were biased against Māori, did not have enough Māori leaders and staff, and did not understand Māori cultural and whānau dynamics.....
www.thepost.co.nz/business/350280099/banks-long-journey-finance-more-home-building-whenua-maori