April 29, 2015
BNZ targets Maori money
The prospect of $200 million coming to Auckland iwi in treaty settlements over the next few years has encouraged the BNZ to set up a specialist Tamaki Maori Banking Team.
Its head of Maori business, Pierre Tohe, says the eight-strong team includes specialists from across the bank who can provide dedicated banking support to individuals, businesses and iwi groups.
He says the bank is seeing a greater demand from Maori and iwi groups for specialised banking expertise across multiple industries such as property, agribusiness, forestry, housing, aquaculture and public-private partnerships as well as specialised services such as wealth management and transactional solutions.
Mr Tohe says because Maori organisations use commercial returns to advance the social, health, educational, environmental, employment and cultural goals of their people, then need different treatment than other businesses.
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