New Zealand’s small businesses owners are resilient and largely optimistic about the future, despite the numerous challenges they have faced in recent years. A supportive banking partner is key to making these hard times a little bit easier.
Today, Canstar is proud to announce the winner of its Small Business Bank of the Year. It is ANZ, for the fourth year in a row.
Canstar’s expert panel named ANZ the winner as a result of its highly competitive offerings, including an effectively fee-free transaction account, market-leading low rate and rewards credit cards, fully functional overdrafts and term loans and round-the-clock support options. ANZ also performed extremely well in its customer satisfaction surveys.
Jose George, Canstar New Zealand General Manager, said ANZ’s support for small business was incredibly valuable, both for the sector but also for the country. “Our annual research into small business shows how battle-weary they are.
“The businesses which got through COVID were then hit with labour shortages, inflation, and rising household costs. Small business owners have needed to be incredibly agile; rethinking commercial models, strategy, and revenue flows.
“That’s why this award is so important. It showcases the bank which is behind our small business community - which in turn is integral to our economy. ANZ is a valued financial partner to so many of our small business owners, and our surveys show how impressed they are. Congratulations to the team for this achievement.”
Lorraine Mapu, ANZ Managing Director for Business & Agri Banking, said small businesses have shown resilience and an ability to adapt to the many challenges they’ve faced over the past few years.