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22-06-2012 12:07 PM
| New Zealand
Big increase in BNZ's agricultural lending
The agriculture sector's demand for loans is increasing, the Bank of New Zealand says.
Chief executive Andrew Thorburn said BNZ had increased its exposure in agriculture. Its market share was now 21.85 per cent; about 18 months ago it was 19.5 per cent.
In Canterbury, BNZ's agri-lending book had grown 52 per cent since January 2011.
Chief executive Andrew Thorburn said BNZ had increased its exposure in agriculture. Its market share was now 21.85 per cent; about 18 months ago it was 19.5 per cent.
In Canterbury, BNZ's agri-lending book had grown 52 per cent since January 2011.
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