Kiwibank lifts business lending but BNZ still biggest

Kiwibank lifts business lending but BNZ still biggest
Kiwibank is growing its business lending fast from a small base. (Image: supplied)
Jenny Ruth
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...

More Finance

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Craigs beefs up in Hawkes Bay, eyes further expansion
Finance

Craigs beefs up in Hawkes Bay, eyes further expansion

Craigs looks to further expansion as it confirms the Somerset Smith Partners deal.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025