According to the latest business advisory firm KPMG’s Financial Institutions Performance Survey, the coronavirus pandemic has had a significant negative impact on New Zealand’s banking sector so far but the worst is yet to come. Key findings “The second lockdown, there’s been a bounce back, but the indicators are that it isn’t as strong.“ “Some people have taken one body blow and got back from it but if you take a second perhaps you don’t get up off the canvas. I think it’s going to be the next two quarters when you see how things shape up.” “Banks are having to give more consideration to how they identify and manage at-risk individuals at a time of financial hardship for many.” Related reads NZD/USD bounces off four-week low to rise past-0.6600 on RBNZ status-quo RBNZ leaves OCR unchanged at 0.25%, maintains QE at NZD100 billion FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Beijing has no reason to approve “dirty and unfair” Tik Tok-Oracle deal – China Daily FX Street 1 year According to the latest business advisory firm KPMG's Financial Institutions Performance Survey, the coronavirus pandemic has had a significant negative impact on New Zealand’s banking sector so far but the worst is yet to come. Key findings “The second lockdown, there's been a bounce back, but the indicators are that it isn't as strong.“ “Some people have taken one body blow and got back from it but if you take a second perhaps you don't get up off the canvas. I think it's going to be the next two quarters when you see how things shape up." "Banks are… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
