Finance

Businesses', banks' views on credit availability diverge

Jenny Ruth
Thu, 02 Dec 2021

Businesses', banks' views on credit availability diverge
BusinessNZ CEO Kirk Hope said the messages from businesses are mixed. (Image: supplied)
Jenny Ruth
Thu, 02 Dec 2021
While the Reserve Bank has exhorted banks to support the economic recovery, businesses have been reporting credit has become increasingly difficult to access.However, banks have been telling the Reserve Bank of New Zealand (RBNZ) their willingness to lend to larger corporates is greater than those businesses' appetite to borrow.Despite that, businesses' investment intentions are higher now than before the covid pandemic began.BusinessNZ chief executive Kirk Hope said all of this may be true because the broader numbers are masking wide d...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Transport
Aucklanders must get out of cars, onto public transport, says emissions plan
Oliver Lewis | Mon, 15 Aug 2022

Auckland council has unveiled its pathway to reduced transport emissions.

Law & Regulation
Address climate change now, supreme court told
Victoria Young | Mon, 15 Aug 2022

Fonterra, Genesis and others face climate change activist Mike Smith.

Law & Regulation
Fate of 'faulty' cladding in the balance as appeal court mulls submissions
Greg Hurrell | Mon, 15 Aug 2022

The fitness for purpose of James Hardie's fibreboard cladding was at the heart of a two-week trial in Wellington's court of appeal, where homeowners tried to overturn their defeat in the high court last year.

Sponsored
Communication the barrier to ‘human firewall’ technology

Communication is the barrier to New Zealand adopting the global Zero Trust cybersecurity strategy, says a new survey.

Sponsored
A clearer path to the cloud

Step-by-step cloud transition can bring benefits, experts say.