ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

BNZ's Kawerau branch to close as early as November

Author
Newstalk ZB staff,
Publish Date
Fri, 30 Sep 2016, 8:00PM
The Eastern Bay town of Kawerau is set to be the latest to be hit by the recent trend of bank branch closures. Photo / NZ Herald
The Eastern Bay town of Kawerau is set to be the latest to be hit by the recent trend of bank branch closures. Photo / NZ Herald

BNZ's Kawerau branch to close as early as November

Author
Newstalk ZB staff,
Publish Date
Fri, 30 Sep 2016, 8:00PM

BNZ is the latest bank to follow the disturbing trend of branches closing down around the country.

Newstalk ZB understands the BNZ branch in the Eastern Bay of Plenty town of Kawerau is set to shut as early as November, with at least three people being made redundant.

The next closest BNZ bank is a half an hour drive away in Whakatane.

The BNZ branch follows multiple Westpac branch closures around the country in rural and provincial areas.

FIRST Union national organiser Tali Williams said it is a concern to see banks pulling out of provincial and rural communities.

Ms Williams said all communities should stand up and challenge this so it doesn't become the norm.

"They've been contributing to these banks for years and years - farmers, local businesses, local people, and now they're just being thrown aside. That's not fair, it's not right."

Ms Williams said it seems to be a strategy by the banks to not present their closure proposals to their communities, meaning the union has to inform customers they could be losing their bank.

"I mean these are stakeholders. They're customers within those communities, and they're being left out in the dark about these proposals, which is really off, and it's just inappropriate."

Take your Radio, Podcasts and Music with you