BANKS TO UPGRADE RURAL LENDING: Major players compete for farm loans

摘要

THE ANZ Bank has announced its intentions to become a more competitive participant in the 19 billion dollar farm loans market. The bank's aim is to raise its current share of rural lending to farmers from about 15%. The market leader, National Australia Bank, claims to have a rural lending portfolio of 5.7 billion dollar, representing about 25% of the total farm debt. If agribusiness is included ANZ presently has a 5.5 billion dollar rural loan portfolio almost equal to the NAB. However, less than half of ANZ's loan portfolio is allocated to farmers.