What's behind the bank-lending numbers

What's behind the bank-lending numbers
BNZ's Karna Luke said supply-chain disruption is contributing to weak business demand for loans.
Jenny Ruth
Numbers don't necessarily tell you the whole story.New Zealand's largest bank, ANZ Bank NZ, saw net loans and advances increase by $2.14 billion in the year ended March, more than halving from the previous year's $5.24b lending, according to Reserve Bank data.What was even more startling was that Kiwibank, the nation's fifth-largest bank and less than a sixth of ANZ's size, lent more than ANZ in that year at $2.64b.ANZ's net loans and advances at March 31 were $137.49b while Kiwibank's were $24.64b.That meant ANZ'...

More Finance

Budget 2024: tax relief on, surplus further off
Finance

Budget 2024: tax relief on, surplus further off

The package will be less generous than National’s election campaign promises.

Pattrick Smellie 27 Mar 2024
New Guardians of NZ Super CEO appointed
Finance

New Guardians of NZ Super CEO appointed

Townsend will be its first external CEO appointment since Adrian Orr in 2007.

Staff reporters 27 Mar 2024
Russia’s backdoor to the global banking system slamming shut
Finance

Russia’s backdoor to the global banking system slamming shut

Major Dubai lender has scaled back Moscow business, and Turks are now more cautious.