BNZ takes a more cautious approach to judging company solvency

Wed, 01 Apr 2020

Bank of New Zealand is taking a more cautious approach to business lending during the coronavirus crisis and to assessing the solvency of would-be corporate borrowers than some of the other banks. "Our obligations to ensure we are lending responsibly don't change and it's something we take seriously," BNZ said in a written answer to BusinessDesk's question about how the bank will approach assessing whether would-be borrowers are solvent. The government's $6.25 billion business finance guarantee scheme "provides a lot more certainty around...

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