Banks praise select committee’s push for more banking competition
BNZ gives committee credit for helping more customers switch banks.
The Finance and Expenditure Select Committee is holding hearings to gauge the response to its banking inquiry report.
The BNZ has highlighted a record $5.8 billion in mortgage lending shifting between banks last December as evidence that competition in the banking sector is alive and well.
It was more than double the previous record of $2.6b, and BNZ chief executive Dan Huggins gave Parliament’s Finance and
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