Kiwibank lent more than ANZ in year ended March

Kiwibank's home lending grew by $1.92 billion to $21.31b.

Tue, 01 Jun 2021

At a time when the Reserve Bank has been doing all it can to encourage banks to keep lending to support New Zealand's economy, Kiwibank's net lending was more in the year ended March than our largest bank, ANZ Bank.That's according to the RBNZ's Bank Financial Strength Dashboard, which was updated with March quarter data late yesterday.The data showed ANZ's total net loan book grew by $2.14 billion in the year ended March, taking its net loans and advances to $137.49b, while Kiwibank lent a net $2.64b, taking its total...

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