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Article: BNZ targets small-business market
- Article from:
- The Press
- Article date:
- April 22, 2005
- Author:
CopyrightCopyright 2005 The Press. Provided by ProQuest LLC. (Hide copyright information)
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BNZ is pitching for small business customers with cheaper fees,
after falling behind in the market share stakes.
BNZ led the two-year fixed interest rate war late last year and
hopes this new challenge to other banks will paint it as a market
leader and have wider spin-offs than just gaining customers from the
small business market.
Yesterday it announced a drop in transaction charges and
competitive interest rates for small business customers. Small
businesses have been the cinderellas of banking, not big earners for
the banks because many of them do not borrow much money and use the
banks mainly for transactions such as deposits and withdrawals as
part of managing their funds.
BNZ head ...