A call from Kiwibank, for the Government to urgently bring forward its planned tweak to lending restrictions.

The state-owned bank says the controversial tightening of credit law last December,  has driven a slowdown in lending in the first half of this year.

Chief Executive Steve Jurkovich told Mike Hosking the tightening was never going to work.

“When you went one size fits all, all lending types, all providers, all consumers and no discretion, it was pretty obvious from all the feedback that was going to choke the system.”

LISTEN ABOVE

A call from Kiwibank, for the Government to urgently bring forward its planned tweak to lending restrictions.
The state-owned bank says the controversial tightening of credit law last December,  has driven a slowdown in lending in the first half of this year.
Chief Executive Steve Jurkovich told Mike Hosking the tightening was never going to work.
“When you went one size fits all, all lending types, all providers, all consumers and no discretion, it was pretty obvious from all the feedback that was going to choke the system.”
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.