Displaying items by tag: rural banking

The Commerce Commission's move to investigate commitments made by major banks under the Net Zero Banking Alliance is being hailed by farming leaders.

Farmers are calling for Kiwi banks and their overseas parent companies need to follow the lead of America's six biggest banks and urgently withdraw from the Net Zero Banking Alliance.

Falling interest rates, combined with a rising forecast milk price, mean this season’s looking a lot better than the previous one, says Federated Farmers dairy section chair Richard McIntyre.

Rabobank New Zealand will reduce the variable base rate on its rural loans by 0.5%, effective from 16 October 2024.

Farmers are welcoming the broad scope of a parliamentary inquiry into banking competition.

OPINION: Rural services such as banks, health and postal services have been declining for years, so this mutt was tickled pink to hear Rural Women NZ on national TV slamming the impact of post office closures in rural areas.

Farmers are being urged to make submissions to the parliamentary inquiry into banking competition, now underway.

OPINION: On top of the rural banking inquiry, several as-yet-unnamed banks are facing a complaint to the Financial Markets Authority over their role in a government bond sale.

The Government has asked the primary production select committee to open an inquiry into rural bank lending practices.

Rural Women New Zealand (RWNZ) says closure of bank branches and an increasing reliance on digital solutions are leaving rural businesses and farmers without support.