New Zealand's Total New Lending Falls in April

MT Newswires Live06-05

New Zealand's total new lending decreased to NZ$14.17 billion in April from NZ$15.13 billion in March, according to data from the Reserve Bank of New Zealand released on Friday.

New lending fully secured by residential mortgage fell to NZ$8.3 billion in April from NZ$8.68 billion in the previous month.

Personal consumer new lending decreased to NZ$223 million from NZ$259 million. New lending for business fell to NZ$4 billion from NZ$4.38 billion.

Lending for agricultural purposes fell to NZ$1.29 billion from NZ$1.42 billion. Other new lending decreased to NZ$345 million from NZ$384 million.

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