RBNZ gauging extent of banks 'front-loading' on capital proposals

RBNZ gauging extent of banks 'front-loading' on capital proposals
Paul McBeth
By Paul McBeth Sept. 26 (BusinessDesk) - Reserve Bank governor Adrian Orr says rural borrowers are facing higher lending costs despite interest rate cuts over the past year and that the regulator is gauging whether banks are bolstering their balance sheets in advance of tougher capital requirements.  After a decade or so of aggressive lending to households and the dairy sector, the banks have spent the past year "revisiting this wisdom" at a time when the official cash rate was cut to a record low 1 percent, Orr said.  "Over the last 1...

More Finance

Extraordinary's pre-tax public transport perks for workers
Finance

Extraordinary's pre-tax public transport perks for workers

Wayne Brown has endorsed a new way for employers to cut commuting costs.

Oliver Lewis 16 Jun 2025
Lenders referring borrowers in trouble to non-profit services
Finance

Lenders referring borrowers in trouble to non-profit services

Financiers pushing KiwiSaver withdrawals rather than acting responsibly, advisers say.

Maria Slade 13 Jun 2025
Mainland Capital delivers $50m raise for Chch hospital expansion
Finance

Mainland Capital delivers $50m raise for Chch hospital expansion

The oversubscribed raise will help fund a new state-of-the-art private hospital facility.

Oliver Lewis 13 Jun 2025
FNZ employee shareholders told success more likely
Finance

FNZ employee shareholders told success more likely

Account show loss at global fintech widens. 

Victoria Young 05 Jun 2025