ANZ rates up
PA Wellington ANZ Bank will increase lending interest rates between 0.5 and 1 per cent a year from Monday. The general manager, Mr Peter Gilbert, said yesterday the new lending rates reflect the general increases in deposit interest rates and the cost of funds to the bank. “For the majority of our personal customers their loan repayments remain unchanged as the term of repayment will be lengthened. However, customers who wish to maintain their current term can do so,” said Mr Gilbert. The increased rates are: overdrafts, personal loans, housing loans and term loans for personal purposes a rise of 0.5 per cent; Rates for term loans for other purposes go up 0.5 per cent, fully drawn advances up 1 per cent, and savings bank loans up 1 per cent.
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Press, 1 November 1984, Page 26
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133ANZ rates up Press, 1 November 1984, Page 26
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