Fonterra capital return could boost GDP – ANZ Report
The Fonterra divestment capital return should provide “a tailwind to GDP growth” next year, according to a new ANZ NZ report, but it’s not “manna from heaven” for the economy.
ANZ has taken out CANSTAR's Best Agribusiness Bank award for 2015 – the fourth consecutive year it has won the award.
The award goes to the institution that provides the best combination of products and services to agribusiness customers.
CANSTAR New Zealand general manager Jose George says ANZ continues to strengthen its relevance to the agri sector.
"We were really impressed with how ANZ engages with its agri community through free educational seminars and customer workshops. We also like the fact that ANZ has dedicated agri managers in every part of the country," he says.
"ANZ stands out with their rural finance offerings ranging from a Farm Start-up Package through to their Supply Chain Finance. Taking home the award for the fourth year in a row is a considerable achievement; one that ANZ should be very proud of."
Graham Turley, ANZ's managing director commercial & agri says that winning the award recognises the depth of the expertise and quality of the products the bank offers.
"Our business term loans, credit cards and cash management accounts were stand-out features that helped secure this award."
"We were also recognised for our disaster relief support, environmental loans and work in the community," he says.
Turley says the award is a tremendous reflection of the hard work and commitment of everyone in the sector who provides support for the New Zealand agribusiness industry.
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.

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