the podcast on
New Zealand banks are being asked to pay up in the next few months.
Kiwibank, BNZ, Westpac, ANZ and ASB will need to repay around $9.2 billion in cheap Covid-era loans to the Reserve Bank.
Infometrics Principal Economist Brad Olsen told Mike Hosking that they have variety of options they can use to repay the money.
He says the banks knew when taking out these loans they鈥檇 have to pay them back eventually.
Olsen told Hosking that if they鈥檙e not ready to pay them back, they probably don鈥檛 qualify to be called bankers at this point.
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