Westpac becomes lowest rated Bing Bank among customers. | Kalkine Market Update NZ |

  • November 04, 2020 08:11 PM NZDT
  • Team Kalkine

Westpac Banking Corporation (NZX: WBC) has disclosed that it is least-loved among the big banks. The Company had a NPS (Net Promoter Score) of 14, which was the lowest among its peers. The bank’s big 4 peers had a net promoter score of 42, 39, 32, and 28. NPS calculates the net probability of customers proposing an organization to other people.

Stats NZ: unemployment rate 2020 Soars To 5.3% In September Quarter The unemployment rate rose from 4% to 5.3% in the September quarter of 2020, indicating the biggest quarterly rise, as COVID-19 struck the labour market, as per data released by Stats NZ. Some of the details include: The number of unemployed people increased by 37,000 to 151,000, up by 32.5% since the June quarter. The number of employed people fell by 22,000 while wages showed growth in the quarter ended in September 2020.

* AFT Signs a Supply Agreement with SETEK aft pharmaceuticals Limited (NZX: AFT) has signed a supply agreement with SETEK, under which the latter shall offer Good Manufacturing Practice (GMP) quality pharmaceutical-grade medicinal cannabis ingredients to the company. The agreement shall allow AFT to sell medicinal cannabis products into chosen markets starting with New Zealand and Australia.

 


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