New Zealand Total Lending Rises to NZ$10.2 Billion in February

MT Newswires Live

2025/04/07

New Zealand's total lending rose to NZ$10.2 billion in February from NZ$8.61 billion in January, data from the Reserve Bank showed Monday.

New lending fully secured by residential mortgage slid to NZ$5.83 billion, compared with NZ$5.85 billion month on month.

Personal consumer new lending rose to NZ$224 million from NZ$216 million. New lending for business increased to NZ$3 billion from NZ$1.89 billion.

Lending made for agriculture purposes grew to NZ$512 million from NZ$464 million. Other new lending climbed to NZ$637 million from NZ$193 million.

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