Westpac dairy Zealand saw the stressed value of its agri lending rose 26 basis points over the same period as dairy farmers were hit by the brunt of low dairy payouts . It added that it sees opportunity for targeted growth and customer engagement ( cross selling ) in the agri sector , including via transactional banking , and its insurance , wealth and financial markets units .
Westpac New Zealand says the stressed chunk of its agri lending rose 26 basis points over the December quarter as dairy farmers were hit by the brunt of low dairy payouts. It added that it sees opportunity for targeted growth and deepening relationships (cross selling) in the agri sector, including via transactional banking, and its insurance, wealth and financial markets units.