Still waiting for business lending revival: ASB

Still waiting for business lending revival: ASB
Jenny Ruth
Business sentiment is improving but it hasn't yet tipped over into appetite for borrowing, according to ASB Bank chief executive Vittoria Shortt."I think the sentiment is changing but we haven't yet seen that play through into a material shift in demand for lending," Shortt told BusinessDesk.While economic data has been surprisingly strong lately, most businesses are still assessing the environment and the ongoing impact of the covid-19 pandemic. That data included the unemployment rate falling to 4.9 percent in the Decem...

More Finance

Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Pattrick Smellie 13 Dec 2024
Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024