BNZ chief Healy sees growth in rural, business lending

Thu, 30 Oct 2014

By Paul McBeth Oct. 30 (BusinessDesk) - Bank of New Zealand chief executive Anthony Healy expects the broader rural sector to continue to grow with greater investment along the value-chain, and anticipates increased business lending after a period of low credit expansion. The New Zealand unit of Australia's National Australia Bank increased gross loans 4 percent to $63 billion in the 12 months ended Sept. 30, which Healy said was due to a strong performance from its agribusiness unit, which has been a focus for BNZ over the past three yea...

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