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Hot Topic Reporting season
Hot Topic Reporting season
Business
3 mins to read

Business lending up for BNZ, but mortgage pain to come

Nearly 90% of its home lending is on fixed rates and more New Zealanders are set to find it tough, CEO says.

BNZ CEO Dan Huggins speaks with Maria Slade.

Maria Slade Wed, 09 Nov 2022

Despite labour shortages, inflation, and ongoing supply chain disruptions, firms borrowed an additional $2.5 billion from the Bank of New Zealand in the year to September, boosting its business lending book by 6%.

“Businesses have proven to be the economy’s shock absorber,” BNZ chief executive

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Contact the Writer: maria@nbr.co.nz
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Business lending up for BNZ, but mortgage pain to come
Business,
96523
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