ANZ National Bank targets small business
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