Meet the CEOs: Anthony Healy, BNZ + video
Competition from new, non-traditional financial services providers - such as online peer-to-peer lenders - is one of the biggest challenges facing major banks, says BNZ chief executive Anthony Healy. New Zealand's first peer-to-peer lending platform, HarMoney, launched last month. It charges fees for the use of its website, which matches lenders with borrowers, promising the investors who make the loans average returns of around 12 per cent.
