25 Mar 2020

ANZ boss assures customers cash available duing lockdown

From Checkpoint, 6:40 pm on 25 March 2020

The head of New Zealand's largest bank is reassuring customers there is plenty of cash in the ATMs and the financial system is sound, as economists warn of a shock which could dwarf the Global Financial Crisis. 

ANZ chief Executive Antonia Watson also said staff were gearing up for customers to start applying for a mortgage payment holiday from Monday. 

That would mean a six month pause in payments and not losing your house - but there's a catch - the interest will still mount in the meantime.

Antonia Watson spoke to RNZ's Guyon Espiner about how prepared ANZ is to weather the COVID-19 crisis.