Outside the main centres, some of the stronger regions include Waikato/Bay of Plenty, Nelson/Marlborough and Otago. 3. Slower credit has contributed to the easing  Data indicates that all banks have complied with the requirement to keep high LVR lending at no more than 10 percent of total lending over the six month period from October.
As the Bank of Italy has emphasized in the past, reducing average recovery times even by just two years would have determined, together with a higher valuation of NPLs, a ratio of bad debt to total loans close to half of what it is today.