Tuesday 21st July 2009 |
Text too small? |
Total outstanding credit card advances in June totalled $5.157 billion, the same as in May and almost identical to the same time a year ago, when advances totaled $5.103 billion.
Previously, the total outstanding had been falling after peaking at $5.464 billion in December last year, according to statistics from the Reserve Bank.
The contraction in total credit limits continued, falling to $17.59 billion from a peak of 19.234 billion in July last year, just before the global credit crunch.
Interest rates on credit cards also stalled at an average 18.4%, down from 20.2% between June and November 2008.
Businesswire.co.nz
No comments yet
NZAS Sign Long Term Contracts
Amended - IFT230 Maturity and Exchange for IFT350
Synlait forecast milk price update
Chorus submits 2023 fibre regulatory report
Infratil Infrastructure Bond Exchange Offer opens
May 31st Morning Report
NZAS and Mercury sign long-term agreement, creating opportunity for future investment in renewables
Meridian and NZAS sign long term contracts
ArborGen Holdings Results for Year Ended 31 March 2024
BAI - Full unaudited results to 31 March 2024