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New Zealand's Total New Lending Rises in March

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-- New Zealand's total new lending increased to NZ$15.13 billion in March from NZ$11.05 billion in February, according to data from the Reserve Bank of New Zealand released on Friday.

New lending fully secured by residential mortgage rose to NZ$8.68 billion in March from NZ$6.99 billion in the previous month.

Personal consumer new lending increased to NZ$259 million from NZ$223 million. New lending for business rose to NZ$4.38 billion from NZ$2.74 billion.

Lending for agricultural purposes rose to NZ$1.42 billion from NZ$854 million. Other new lending increased to NZ$384 million from NZ$250 million.

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