Congratulations to ANZ! Despite stiff competition in the agribusiness sector, ANZ is once again the winner of Canstar’s Bank of the Year Agribusiness Award.
ANZ is a bank that steps up when its agribusiness clients need assistance, and one that offers consistent, day-to-day excellence across its network of branches, account offers and loan products.
In its research, our award panel notes ANZ’s continued support of the agribusiness industry, coupled with its excellence across business banking, lending and deposit products.
Canstar’s Agribusiness Award
Canstar’s Agribusiness Award is judged and awarded by our expert research team. The award winner is the institution that earns the highest cumulative score across three categories:
Banking Products
Considers the breadth and depth of an institution’s product offering across business finance, deposit and additional products. It includes:
- Loans, for example, seasonal and equipment finance plus environmental loans
- Overdraft facility
- Reward and low-rate credit cards
Banking Services
Due to the specialist nature of many agribusinesses, it’s important that an institution is able to provide individual support and services tailored to the needs of each of its clients. Banking services judged, include:
- Branch coverage
- Insurances
- Investments
- Multiple product pricing discounts
- Payroll
- Risk management
Support
In addition to banking products and services, through detailed market research and feedback from agribusinesses, our expert research team has identified four key challenges facing agriculture businesses in NZ.
These concerns are reflected in our awards methodology, which rates the extent to which each financial institution supports the agribusiness sector across the following:
- Sustainable farming – the importance of reducing the wider environmental impact of farming practices
- Social empowerment – supporting the mental health of our farmers and promoting diversity within the workforce
- Financial hardship support – providing a framework of financial support, specifically banks’ responses to natural disasters
- Succession planning – helping the smooth transition to the next generation of agribusiness owners
For more on ANZ's Bank of the Year Agribusiness win click here!
About the author of this page
This report was written by Canstar’s Editor, Bruce Pitchers. Bruce has three decades’ experience as a journalist and has worked for major media companies in the UK and Australasia, including ACP, Bauer Media Group, Fairfax, Pacific Magazines, News Corp and TVNZ. Prior to Canstar, he worked as a freelancer, including for The Australian Financial Review, the NZ Financial Markets Authority, and for real estate companies on both sides of the Tasman.
Share this article