Shrinking home ownership will change SME lending, Kiwibank's Jurkovich says

Fri, 24 Aug 2018

By Paul McBeth Aug. 24 (BusinessDesk) - Shrinking home ownership and different ways of doing business will change the way banks lend to small and medium-sized enterprises, says Kiwibank chief executive Steve Jurkovich. The state-owned lender's new chief sees small businesses and start-ups as a ripe opportunity, which also fits the culture of being a Crown-owned company. Small business owners often use their home for security for funding, however, Jurkovich said that way of lending is increasingly "unrealistic", especially where people ar...

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