Farmer satisfaction with banks continues to erode

ANZ is the largest rural bank lender in NZ followed by BNZ and Rabobank.

Fri, 04 Jun 2021

Farmer satisfaction with their lenders continues to erode as banks' moves to shut provincial branches add to their worries.Federated Farmers' six-monthly survey, run with the help of Research First, found 62% of farmers are satisfied with their bank relationship, down 4 points from November and continuing the steady erosion of satisfaction over the past five years when it was more than 80%.Of the 1,157 farmers who responded, 71% said they were concerned about bank branch closures. Of those, 42% said they needed branches to carry ou...

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