Dairy loans being closely monitored by banks: RBNZ

Dairy loans being closely monitored by banks: RBNZ
Jenny Ruth
A significant share of dairy loans are being closely monitored by banks, despite above-average dairy commodity prices and reasonable profitability across the sector as a whole, the Reserve Bank says in its latest financial stability report.But the prudential regulator says farmers under stress are unlikely to experience any reduction in financing costs, despite the significant fall in interest rates this year – it has cut its official cash rate from 1.75 percent to 1 percent.While non-performing dairy loans have risen significantly during the p...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025