Photo / FileRobust trading conditions in New Zealand's agricultural sector have led to debt reduction across the entire market, Rabobank NZ chief executive Todd Charteris says. Rabobank NZ chief executive Todd Charteris. Charteris said the strong capital position of the global Rabobank Group and its locally incorporated registered bank, Rabobank NZ, meant the bank was well-placed to meet new Reserve Bank capital requirements. In December 2019 the Reserve Bank made decisions to gradually raise bank capital requirements to make the banking system safer. However, the Reserve Bank said a number of dairy farms remained financially vulnerable.

Source: New Zealand Herald April 06, 2021 16:52 UTC