Developments in the banking industry

Release date
01/06/2000
Reference
Vol. 63. No. 2. June 2000
Author
Allison Stinson
Main file
This article reviews developments in the New Zealand banking sector over the year to December 1999 against the background of the international banking environment. Financial information reported in New Zealand banks’ quarterly disclosure statements indicates a strong banking system well positioned to meet the pressures presented by continued competition, technological advances, globalisation and rising interest rates.