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...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Technology

Ex-public servant Peter Crabtree to lead board of space tech startup Zenno

Ben Moore | Mon, 08 Aug 2022

The former head of the NZ space agency delved into the private sector after leaving the government last year.

Property

Vital Healthcare pushes NZ portfolio past $1b

Brent Melville | Mon, 08 Aug 2022

The specialist healthcare property trust has been actively adding NZ properties to its asset base, now valued at almost a third of its $3.3 billion portfolio.

Economy

NZ stuck on primary export path, says MBIE research

Jem Traylen | Mon, 08 Aug 2022

MBIE research shows we're world-class farmers so ... we should stay farming, says MBIE.

Businesses', banks' views on credit availability diverge

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team