Chinese NZ bank gets cash injection, looks to expand lending portfolio
[UPDATED] ICBC NZ has been advanced $85 million to extend its lending portfolio in New Zealand.
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Hawke’s Bay
[This article has been amended to clarify certain aspects of the capital injection]
The New Zealand arm of one of China’s biggest banks has been given a sizeable capital injection from its parent.
Industrial and Commercial Bank of China (ICBC), the world’s biggest lender by assets, has injected
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Jason Walls
Thu, 07 Jul 2016
Thu, 07 Jul 2016
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Chinese NZ bank gets cash injection, looks to expand lending portfolio
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