Mortgage News

Total bank loans fall in March Qtr but household lending rises: KPMG

Monday 1st of August 2011

"I guess we were slightly surprised by it (the rise in household lending). I guess people still need to spend to live," says KPMG partner John Kensington.

Driving the increase in household lending, BNZ's lending rose $311 million, ANZ Bank's rose $134 million, Westpac's $67 million and Kiwibank's $244 million, KPMG says.

It's possible there may be some classification issues behind...

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