A deal is also good news for rural New Zealand. Kiwibank rural lending likely to be more stable that that of the Aussie banks. The big Aussie banks have been fairweather friends, over-lending for dairy conversions when it looked good and cutting off credit when it doesn't. The rural sector is right to be angry, because many of these decisions are made in Sydney and Melbourne, far away from the reality of the farm gate.
Antonia is CEO of ANZ New Zealand. Prior to this she held roles as Managing Director of our Retail and Business Banking business and as Chief Financial Officer. In her most recent role as MD Retail and Business Banking, Antonia was responsible for our network of retail branches, contact centres and banking specialists who take care of over two million consumer and small business customers. Antonia joined ANZ from Morgan Stanley, where she was General Manager of their business services and technology centre in Budapest and had various Finance roles in Sydney and London. She started her career at KPMG.