One advantage of being
small - you don't get the same scrutiny as the big banks. But industry behaviour might roll over to Heartland - if there is actually anything dodgy
http://www.interest.co.nz/rural-news...tification-and
Love the term forbearance - is that the same as putting off the day you need to face up to reality
Extract
"The topic for this year's thematic review is: "Problem loan identification, forbearance and provisioning practices in the dairy sector," the Reserve Bank says.
"Our objective is to better understand how banks are capturing and measuring dairy sector credit risk and how this translates into provisioning and forbearance practices. The review is limited to the industry's five largest dairy lenders [ANZ, ASB, BNZ, Rabobank and Westpac] and will require the banks to respond to a comprehensive questionnaire and provide supporting data."