Banks could write off $9.5b of dairy loans under RBNZ stress test
Dairy loans account for about 10% of total bank lending, or about $38b out of $348b. With special audio feature.
The five largest lenders to the dairy sector could write off about $9.5 billion over the next five years under the more severe of two stress tests ordered by the Reserve Bank.
Under that scenario, this year’s milk payout would fall to $3 a kilo of milk solids compared with the $3.90/kgMS Fonterra
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Jenny Ruth
Wed, 16 Mar 2016
Wed, 16 Mar 2016
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Banks could write off $9.5b of dairy loans under RBNZ stress test
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