Fitch says the major NZ banks may be facing weaker growth

Wed, 17 Apr 2019

By Jenny Ruth April 18 (BusinessDesk) - Fitch Ratings says the major New Zealand banks may be facing weaker growth prospects due to rising borrowing rates and credit rationing as a result of the Reserve Bank’s proposals to near double the minimum amount of capital they have to hold. But the capital requirement changes aren’t likely to impact the banks’ strong franchises and the strength of their sustainable profits through the business cycle means they should be well-positioned to meet the new requirements, the international ratings agenc...

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