Govt's bank-administered business loans still tiny

Govt's bank-administered business loans still tiny
Jenny Ruth
Lending under the government's bank-administered $6.25 billion business finance guarantee scheme continued at a snail's pace through June, in sharp contrast to its other small business lending scheme overseen by the Inland Revenue Department. The latest data from the New Zealand Bankers' Association showed the banks had lent $121 million to 664 businesses by June 30. The IRD scheme, which started a month later than the BFGS, had lent $1.51 billion to 90,485 businesses by Friday, July 3 – the government has earmarked about $5 billion for t...

More Finance

No big NZ cuts amid 'Nuno-geddon': ANZ NZ
Finance

No big NZ cuts amid 'Nuno-geddon': ANZ NZ

ANZ Group chops thousands of staff, contractors, but no big cuts in NZ. 

Andy Macdonald 09 Sep 2025
Swapping mortgages for music: David Tripe eases into retirement
Finance

Swapping mortgages for music: David Tripe eases into retirement

Respected academic and finance-sector pundit calls time on his long career.

Andy Macdonald 09 Sep 2025
Community housing lender readies first social bonds
Finance

Community housing lender readies first social bonds

The Community Housing Funding Agency received an A+ credit rating this week.

Oliver Lewis 05 Sep 2025
Warner Bros production unit moves into red
Finance

Warner Bros production unit moves into red

The production company flags a tax issue related to the Sky TV–Discovery deal.

Victoria Young 03 Sep 2025