Domestic Focus
OPINION: After hogging the media limelight for telling a NZ Chinese MP to "go back home", Winston Peters has decided to focus on a domestic issue - oil and gas drilling.
That number is 0.08%, the ratio of impaired asset expense to average gross loans and advances.
Bagrie says this is incredible considering the economy is supposed to have experienced the worst economic climate since the global financial crisis.
"What risk have banks been taking?" he asks.
The low impairment charges and lift in banks' profitability tells a fundamentally different story relative to the economy's performance.
"We are not going to get an appetite to take risk in this economy - which is desperately needed - if the banking sector is not on board taking risk."
