Steve Jurkovich: Kiwibank CEO urges the Govt to bring forward tweaks to lending restrictions
A call from Kiwibank, for the Government to urgently bring forward its planned tweak to lending restrictions.
The state-owned bank says the controversial tightening of credit law last December, has driven a slowdown in lending in the first half of this year.
Chief Executive Steve Jurkovich told Mike Hosking the tightening was never going to work.
“When you went one size fits all, all lending types, all providers, all consumers and no discretion, it was pretty obvious from all the feedback that was going to choke the system.”
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