BNZ expects robust business credit growth to continue in 2016

Wed, 28 Oct 2015

By Paul McBeth Oct. 28 (BusinessDesk) - Bank of New Zealand, the country's third-biggest bank by gross loans, expects business credit growth to remain robust in the coming year, with a number of sectors experiencing strong economic conditions, despite the woes facing dairy farmers. The Auckland-based lender increased its business lending 7.7 percent to $34.8 billion in the 12 months ended Sept. 30, maintaining market share in both agribusiness lending at 22.2 percent and 26.4 percent of business lending. That credit growth is being driven...

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