“In a survey carried out by the New Zealand Manufacturers and Exporters Association (NZMEA), 86 percent of respondents supported an inquiry into competition in our banking sector, the role of Kiwibank, the factors that negatively impact the real economy and the volatility of our currency. Since the start of the credit crisis 63 percent of respondents said that their bank had increased the margins they pay on credit facilities, 55 percent reported that their bank had increased charges associated with changing credit facilities and 41 percent said they were thinking about changing banks.”

From the NZMEA

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