Steve Jurkovich: Kiwibank CEO urges the Govt to bring forward tweaks to lending restrictions

Published: Aug. 18, 2022, 7:38 p.m.

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A call from Kiwibank, for the Government to urgently bring forward its planned tweak to lending restrictions.

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The state-owned bank says the controversial tightening of credit law last December, \\xa0has driven a slowdown in lending in the first half of this year.

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Chief Executive Steve Jurkovich told Mike Hosking the tightening was never going to work.

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\\u201cWhen you went one size fits all, all lending types, all providers, all consumers and no discretion, it was pretty obvious from all the feedback that was going to choke the system.\\u201d

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