Banks and non-banks given clean bill of health
New Zealand's biggest banks and non-bank lenders remain in a robust position despite the pandemic, according to rating agency Standard & Poor's.
S&P's annual report on the NZ banking system – which includes a review of non-banks Avanti, Liberty and Asset Finance – views the lenders as "stable".
The agency said: "In our view, the economic risk trend for banks operating in New Zealand is now stable. The country's economy is recovering strongly after the Covid-19 pandemic."
S&P...MORE»
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