Forum Archive Index - December 2003

[Rodney Paterson <rod.paterson@paradise.net.nz>]

Hi Snoopy,

 

Was in at my local WRI store this week! My family has been with WRI for as long as I can remember (wrightstephinson). I was a wrightson finance client until they sold it to Rabo so have been with Rabank ever since. Until recently deposits went into the Wri office over the counter and they would bank them, so they WRI and rabo were working together sharing the same building, computers etc, and as was correctly stated on sharechat last week this period is over. Rabo are moving out into new premises and they informed me that Wrightsons were now the opposition. Imho if WRI get back into the lending thing they will have a lot of ground to make up. The rural sector is becoming more discerning we want internet banking, forward exchange cover and flexibility if things go wrong! I am not sure of wrightsons plans at present or whether they are still under restraints from Rabo. On other fronts Wrightsons store is slow which is not surprising given the NZ$ however town people cant get enough lifestyle blocks which are selling extremely well and likewise farms so the real-estate side must be doing well if local sales are anything to go by.

 

Regards, rod

 

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