BNZ expects robust business credit growth to continue in 2016

Paul McBeth
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Consent refused for Thiel's luxury lodge
Brent Melville | Thu, 18 Aug 2022

It'll be back to the drawing board for the tech billionaire's NZ team, after their consent application was turned down by hearing commissioners.

Xero’s US revolving door continues to spin
Jenny Ruth | Thu, 18 Aug 2022

Xero’s progress in Britain continues to be “more subdued than we’d like”, chief executive Steve Vamos told the annual shareholders’ meeting.

Artists could get resale royalties – but what about TradeMe?
Warren Feeney | Thu, 18 Aug 2022

Those in the art world are asking where TradeMe fits into the conversation as NZ starts to pay artists a percentage of the resale of their works.

In uncertain times, bricks and mortar hold steady

Can real estate provide a hedge against high inflation? Scott McKenzie, CEO of PMG Funds, talks about why tangible assets can be defensive and how PMG’s latest investment offer will help make the fund more resilient.

Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.