HOT TOPICS:   Migration  |  KiwiSaver   | Home loans                                                         RESOURCES:    Economic calendar   |   QROPS fees

The comment stream

Reader poll

Which of the following do you think will rise the most next year?

Choices

CFO Adrienne Duarte says BNZ continues to attract deposit money in faster than it's lending money out

Posted in Bonds

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.

This is an abridged version of this article. The full version was published in our email for paying subscribers. See here for more details and how to subscribe.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.

2 Comments

What do banks do with their

What do banks do with their excess funds that are not being loaned out? Park them in short term bonds or investment funds?
If banks are not loaning enough, perhaps there's price resistance.

It's called poor demand for

It's called poor demand for credit as shown here yesterday:
 
http://www.interest.co.nz/property/69227/household-borrowing-still-growi...
 
The growth figures are well below the last credit boom. Something few seemed to have noticed.