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

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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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 credit as shown here yesterday:
The growth figures are well below the last credit boom. Something few seemed to have noticed.