Banks move to lift Māori access to capital, but gaps remain
A new report by RBNZ highlights significant improvement from major banks in reducing barriers for Māori businesses seeking capital, but there's still work to be done.
The RBNZ intends to evolve the snapshot into an interactive annual dashboard to monitor progress.
What’s at stake: Improved Māori access to capital is crucial for unlocking significant economic growth and addressing longstanding inequities in the financial system.
Background: The Reserve Bank's Māori Access to Capital Snapshot shows progress by banks in reducing barriers for Māori businesses, but highlights ongoing issues, especially around data accuracy and workforce diversity.
Main players: Reserve Bank of New Zealand - Te Pūtea Matua, major banks (ANZ, ASB, BNZ, Heartland, Kiwibank, TSB, Westpac), Ministry of Māori Development - Te Puni Kōkiri, Berl.
The Reserve Bank of New Zealand – Te Pūtea Matua – has released its Māori Access to Capital (MA2K) Snapshot, highlighting progress among major banks in addressing barriers faced by Māori businesses seeking finance.
Produced in collaboration with ANZ, ASB, BNZ, Heartland, Kiwibank, TSB, and
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Key points
What’s at stake: Improved Māori access to capital is crucial for unlocking significant economic growth and addressing longstanding inequities in the financial system.
Background: The Reserve Bank's Māori Access to Capital Snapshot shows progress by banks in reducing barriers for Māori businesses, but highlights ongoing issues, especially around data accuracy and workforce diversity.
Main players: Reserve Bank of New Zealand - Te Pūtea Matua, major banks (ANZ, ASB, BNZ, Heartland, Kiwibank, TSB, Westpac), Ministry of Māori Development - Te Puni Kōkiri, Berl.
