Finance

Businesses', banks' views on credit availability diverge

Jenny Ruth
Thu, 02 Dec 2021

Businesses', banks' views on credit availability diverge
BusinessNZ CEO Kirk Hope said the messages from businesses are mixed. (Image: supplied)
Jenny Ruth
Thu, 02 Dec 2021
While the Reserve Bank has exhorted banks to support the economic recovery, businesses have been reporting credit has become increasingly difficult to access.However, banks have been telling the Reserve Bank of New Zealand (RBNZ) their willingness to lend to larger corporates is greater than those businesses' appetite to borrow.Despite that, businesses' investment intentions are higher now than before the covid pandemic began.BusinessNZ chief executive Kirk Hope said all of this may be true because the broader numbers are masking wide d...

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