Kiwibank to honour spirit of govt-backed business loans

Kiwibank to honour spirit of govt-backed business loans
Jenny Ruth
Kiwibank intends to abide by the spirit of the government's $6.25 billion business finance guarantee scheme and will be assessing borrowers' solvency based on how they were performing before the nation's shutdown.While the business community is calling on the government to relax insolvency laws during the coronavirus crisis to make it easier for directors to make decisions and easier for banks to lend, Kiwibank has decided to follow the spirit of the guarantee scheme, chief economist Jarrod Kerr told BusinessDesk.Australia and Britain have alre...

More Finance

Willis calls for select committee inquiry into banking
Finance

Willis calls for select committee inquiry into banking

She wants the Finance and Expenditure and Primary Production Committees to join forces.

Rebecca Howard 12 Jun 2024
Super spin and the greenwash cycle
Finance

David Chaplin: Super spin and the greenwash cycle

Aussie ruling could have implications for NZ markets. 

David Chaplin 12 Jun 2024
FMA seeking consultation on changes to DI licences
Finance

FMA seeking consultation on changes to DI licences

The FMA is seeking consultation on changes to the Derivative Issuer licenses

Staff reporters 11 Jun 2024
ComCom files criminal charges against Kiwibank
Finance

ComCom files criminal charges against Kiwibank

Banks must invest to get their systems right, says ComCom. 

Staff reporters 11 Jun 2024