Conservative business customers getting ready for upturn - BNZ
Although bad debt charges are abnormally low, BNZ's CEO says there are still plenty of businesses under stress he doesn't believe the credit cycle has turned yet.
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Businesses remain conservative banking customers as they focus on paying back debt, Bank of New Zealand says.
Building up their cash balances was one factor helping lift the bank’s underlying deposit base $37 million, or 7%, in the last six months.
The country’s second largest bank, BNZ,
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Georgina Bond
Fri, 11 May 2012
Fri, 11 May 2012
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Conservative business customers getting ready for upturn - BNZ
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