Chief executive says borrowers should consider carefully whether a mortgage holiday is for them
It asks customers to avoid coming to branches unless absolutely necessary
Bank urges concerned customers to contact them to discuss their options
The coronavirus outbreak has been the main driver behind the decision
Its announcement came after Westpac became the country’s first “carbon zero” certified bank
It could impact consumer spending and New Zealand’s GDP
Chief executive says NZ banks are “extremely well capitalised” and will weather the storm
Govt says Kiwis won’t need to fear losing their homes over the outbreak