Farmers less happy with banks and RBNZ capital requirements signaled as a factor

Tue, 04 Jun 2019

By Rebecca Howard June 5 (BusinessDesk) - Federated Farmers is pointing the finger at the Reserve Bank's proposed increase in bank capital requirements as more farmers feel under pressure and overall satisfaction with banks hit the lowest level since its first survey in August 2015. Satisfaction with banks has dropped over the past six months to 71 percent from 74 percent, with falls most apparent in the dairy and sharemilker farm groups, according to the bi-annual May survey conducted by Research First. There were 1,326 respondents. ...

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