Bank mortgage lending less frenzied but agri-lending falls

Bank mortgage lending less frenzied but agri-lending falls
Banks lent less on mortgages in the September quarter. (Image: Getty)
Jenny Ruth
Housing lending by the five largest banks eased in the September quarter while lending to businesses grew a little and the fall in lending to agriculture by the big four accelerated.The five largest banks lent $5.96 billion on housing in the latest quarter, down from $7.85b in the June quarter, and $1.34b to businesses, up from $1.06b in the June quarter, according to the Reserve Bank of New Zealand's (RBNZ) bank financial strength dashboard.That took annual lending on housing by the big five to $32.46b and their lending to business to $1.8...

More Finance

MTF to investigate bullying claims
Finance Exclusive

MTF to investigate bullying claims

Chief executive Chris Lamers said he takes the claims 'very seriously'.

Payments NZ could play key role in open banking standards
Finance

Payments NZ could play key role in open banking standards

A draft decision proposes an 18-month approval, rather than the five years requested.

Ben Moore 01 Jul 2024
Singapore becomes hot spot for M&A bankers hunting Asia deals
Finance

Singapore becomes hot spot for M&A bankers hunting Asia deals

The island is a magnet for parties interested in mergers and acquisitions.

Bloomberg 28 Jun 2024
Medicine working but business confidence continues to fall
Finance

Medicine working but business confidence continues to fall

Confidence in retail and construction rose, while other sectors were more downbeat.

Tom Raynel 27 Jun 2024