BNZ Launches First Farm Funding Boost Scheme
Bank of New Zealand (BNZ)will expand its First Farm support with a new funding boost designed to help more farmers and growers take their next step into farm ownership.
The Bill, it is hoped, will stop lenders from unfairly debanking legitimate businesses and industries (such as petrol stations) on ideological grounds.
As Feds' banking spokesperson Richard McIntyre says, "Banks have been under huge pressure recently for some of their more unpalatable lending pressures. This Bill [will] add to that scrutiny and shine a white-hot light on big banks that have been forcing their ideological views down the throats of New Zealanders".
While not their Bill, the Feds are claiming this as a moral victory for them.
Fair enough too, they've been vocal critics of the banking sector in recent years and helped get the select committee inquiry currently underway.
