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Banks fill their boots with home loans, shrink farm lending

Jenny Ruth
Thu, 26 Aug 2021

Bank lending to farmers shrank in the June quarter. (Image: Livestock Improvement)
Jenny Ruth
Thu, 26 Aug 2021
The five largest banks lent a net $7.85 billion more on mortgages in the June quarter but only $1.06b to businesses.The big four banks' net lending to agriculture actually shrank by $144.6 million in the latest quarter, according to data published on the Reserve Bank's bank financial strength dashboard.ANZ Bank New Zealand, the nation's largest bank, was responsible for all the reduction in lending to farmers with its agricultural book shrinking by $291.5m with BNZ's lending to the sector growing by a meagre $13.3m, Westpac'...

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Why US private equity still sees a silver lining in the All Blacks
Trevor McKewen | Sat, 16 Oct 2021

 Silver Lake has been battered from pillar to post in the great Kiwi rugby debate. So, why is it not giving up?

On the Money
On the Money: John Key, car boss's big bonus, Chris Meehan, and more
Rebecca Stevenson | Sat, 16 Oct 2021

OTM this week: who is the go-to lawyer for high net worth New Zealanders, can this listed company boss rev up his firm, which tech exec is living la vida normal, and more.

Has Rob Everett thrown a hospital pass?
Brian Gaynor | Sat, 16 Oct 2021

Samantha Barrass, Rob Everett’s successor at the FMA, may have a baptism of fire.

Let's not lose sight of the wood for the trees

As much generation will need to be built in the next 14 years as has been built in the last 40+ years for Aotearoa to meet its commitment of achieving net zero emissions by 2050.

Getting the health and safety of remote workers right

With many staff working alone or in isolated situations, workplace health and safety is an operational priority. Here is how your business can protect remote workers.