Bonds
CFO Adrienne Duarte says BNZ continues to attract deposit money in faster than it's lending money out
1st Apr 14, 5:03pm
by
By Gareth Vaughan
BNZ has already raised the wholesale funding it requires for the current financial year, chief financial officer Adrienne Duarte says.
She also says the impact of stiff lending competition on net interest margins is being offset by "benign" deposit margins, and expensive peak global financial crisis (GFC) debt maturing.
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2 Comments
by
MortgageBelt
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1st Apr 14, 6:12pm
It's called poor demand for credit as shown here yesterday:
http://www.interest.co.nz/property/69227/household-borrowing-still-grow…
The growth figures are well below the last credit boom. Something few seemed to have noticed.
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