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Credit reviewer issue lending report

The Credit Reviewer John Trethowan says banks are playing it safe when it comes to lending to businesses.

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The office of the credit reviewer has published its quarterly review and John Trethowan says the two pillar banks are largely being supportive of medium and low-risk customers.

But he says that they need to develop their approaches to provide credit for all viable businesses.

Nevertheless – he says he’s not advocating a return to overly risky lending.

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