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16 Apr 2024 21:56
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      Home > News > Business

    The Reserve Bank Governor says banks have a critical role in financial recovery after COVID-19

    The Reserve Bank Governor says banks have a critical role in financial recovery after COVID-19


    The central bank has released its six-monthly report on the Financial Stability of New Zealand's system.

    Adrian Orr says at the start of the pandemic, the banking system had built up significant capital and liquidity buffers.

    He says the buffers can now be used to support economic activity over the next few years.

    Orr says there's concern for some lenders and life insurers... that have low profitability and low buffers.

    © 2024 Newstalk ZB, NZCity

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     Today's News

    		 Entertainment:
    The ex ecutor of O.J. Simpson's will plans to fight any payments to the families of his late ex-wife Nicole Brown and her friend Ron Goldman 21:40

     Law and Order:
    Police have named a man who drowned after running into the sea while fleeing Police at Mt Maunganui 21:17

     Entertainment:
    Sofia Vergara has dec lared her love for her new boyfriend 21:10

     Entertainment:
    Kate Hudson is "ready to take the criticism" that may come with the launch of her music career 20:40

     Entertainment:
    Drew Barrymore likes to think of herself as a "walking cautionary tale" for child stars 20:10

     Living & Travel:
    A Sydney priest is stabbed while live streaming a sermon: how it unfolded 19:47

     Entertainment:
    Jon Bon Jovi will quit touring if his singing is "not great" 19:40

     Entertainment:
    Nicole Kidman's wedding day was one of the most "emotional things" that has ever happened to her 19:10

     Accident and Emergency:
    Disappointment for Gisborne police after another fruitless search for Joseph Ahuriri 18:57

     Entertainment:
    Paris Hilton spent her life saving clothes for her daughter before she was born 18:40

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