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OPINION: Noted economist and self-promoter Cameron Bagrie took one look at KPMG's recently released Financial Institutions Performance Survey on banks and zeroes in one key number that suggests banks are so risk averse in this country that they are probably stifling growth and innovation.
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."
OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and financial institutions to make climate-related disclosures, by repealing Part 7A of the Financial Markets Conduct Act 2013.
OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where they’re due.
OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also taking a growing chunk of New Zealand’s ad revenue offshore.
OPINION: Forests planted for carbon credits are permanently locking up NZ’s landscapes, and could land us with more carbon costs, says the Parliamentary Commissioner for the Environment (PCE).
OPINION: NZ farming is built on hard work, but also on innovation, a lot of which came about thanks to a focused scientific effort over many decades.
DairyNZ chief executive Campbell Parker says the industry-good organisation is proud to be an ongoing industry partner of the New Zealand Dairy Industry Awards, providing judging expertise and facilitating field days.
A major floodway infrastructure upgrade has been completed in Edgecumbe, providing enhanced flood protection and resilience for the local community.
Rural retailer Ruralco says it has made a $10,000 donation to the Mid Canterbury Rural Support Trust (MCRST) following the Ruralco Golf Classic held last month.
According to a new farmer survey, many farmers are rejecting New Zealand’s current ruminant methane strategy.
As the New Zealand Dairy Industry Awards night unfolded, it became evident that Waikato’s Thomas and Fiona Langford were the frontrunners for the biggest prize of the night – the 2025 Share Farmers of the Year award.
New Zealand’s dairy sector cannot expect India to be a market for all its dairy products.
OPINION: Farmers won't get any credit for this from the daily media, so Milking It is giving the bouquets where…
OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also…
