Finance

Kiwibank lifts business lending but BNZ still biggest

Jenny Ruth
Fri, 03 Jun 2022

Kiwibank lifts business lending but BNZ still biggest
Kiwibank is growing its business lending fast from a small base. (Image: supplied)
Jenny Ruth
Fri, 03 Jun 2022
Kiwibank continues to increase its share of business lending and, although ANZ Bank NZ upped its game in the March quarter, Bank of New Zealand (BNZ) still has the biggest book of business loans.Lending to agriculture continued to shrink in the March quarter but at a slower pace, according to data published on the Reserve Bank of NZ’s (RBNZ) bank financial strength dashboard.And lending on housing continues to dominate. Lending on housing by the five largest banks accounted for 72.8% of total bank lending in the March quarter, although th...

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