ANZ Na­tional Bank tar­gets small busi­ness

The Pak Banker - - Front Page -

WELLING­TON: ANZ Na­tional Bank is tar­get­ing $3 bil­lion in ad­di­tional lend­ing to small and medium-sized busi­nesses next year, as it looks to re­build its loan book.

ANZ Na­tional's to­tal loans fell by $2.3b to $84.9b in the year to Septem­ber, while its com­peti­tors all in­creased their busi­ness. Small busi­ness have com­plained that banks had tight­ened up on lend­ing dur­ing the re­ces­sion and global fi­nan­cial cri­sis, but banks have pointed to a lack of de­mand as bor­row­ers fo­cused on re­pay­ing debt. -PB News

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