Story image

ANZ awarded best small business bank by CANSTAR

05 Sep 2017

ANZ was today awarded the CANSTAR Bank of the Year – Small Business Award for 2017, recognising the bank’s combination of products and service to small business customers.

“We’re delighted to be acknowledged for our work to support and grow small business in New Zealand,” says Antonia Watson, ANZ’s retail and business banking managing director.

“The award is a testament to the hard work of our teams, our innovative products and insights we share to help small business get ahead.

“When small businesses are doing well, New Zealand is doing well. By understanding what business owners need and identifying opportunities to make banking easier, we help businesses start up, thrive and grow.

“We have a network of dedicated business specialists throughout the country that know their local regions and the opportunities for our customers."

Watson says ANZ has also invested in digital technology to solve pain points for small business.

“For instance, our SmartATMs mean small businesses can make deposits 24/7, helping them run their businesses more efficiently.”

CANSTAR New Zealand general manager Jose George says ANZ was a standout for its small business banking offering.

"CANSTAR's Bank of the Year - Small Business Award aims to recognise the institution that offers the strongest mix of products and services,” says George.

“Specialist business banking is essential for the success of our SMEs and the critical role they play in our economy.”

The Canstar Bank of the Year – Small Business Award recognises the institution that provides the strongest combination of business banking products as well as excelling in a range of institutional factors and quality service to small businesses.

CANSTAR evaluated five different banks, 16 business credit cards, 23 business accounts, and 18 business loans.

To arrive at the total score, CANSTAR applies a weight against the price score and the feature score.

The weights reflect the relative importance of costs and features in determining the products offering outstanding value.

Last year, the award went to BNZ bank. 

Safety solutions startup wins ‘radical generosity’ funding
Guardian Angel Security was one of five New Zealand businesses selected by 500 women (SheEO Activators) who contributed $1100 each.
Hands-on review: The ruggedly tough CAT S61 smartphone
The driveway beckoned me, so I dropped the phone several times.  Back in the study, close examination has failed to reveal a single scratch.
How printing solutions can help save the planet
Y Soft has identified five key ways organisations can become more economical and reduce their environmental impact.
Is NZ’s tech industry starting to mature?
Technology is New Zealand’s fastest growing and third biggest industry.
How Kiwibank aims to enable greater digital inclusion
"Online tools can offer a more convenient and cheaper customer experience, but there can be barriers to usage."
Scammers targeting more countries in sextortion scam - ESET
The attacker in the email claims they have hacked the intended victim's device, and have recorded the person while watching pornographic content.
Inland Revenue to shut down services later this week
“There’s never an ideal time to shut down the tax system but we’re confident the changes will make any inconvenience worthwhile.”
NZ managers prefer intuition to big data, Massey study finds
Many senior managers in New Zealand businesses have an inherent distrust of big data, opting instead to rely on their own intuition.