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Banks supported by government to keep credit lines open

Finance Minister says guarantee will encourage banks to lend to solvent but struggling businesses.

Brent Edwards Tue, 24 Mar 2020

The government is going to help underwrite loans to small and medium-sized businesses struggling with the impact of the Covid-19 coronavirus pandemic with a $6.25 billion business finance guarantee scheme.

The scheme was finalised after discussions between the government, the Reserve Bank and

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Brent Edwards Tue, 24 Mar 2020
Contact the Writer: brent@nbr.co.nz
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Banks supported by government to keep credit lines open
Politics,
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