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Speaker 1: Right now. Rural petrol stations have been told by BNZ

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Speaker 1: their bank it'll stop funding them by twenty thirty because

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Speaker 1: of its commitment to the Zero Banking Alliance. Documents provided

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Speaker 1: to Federated Farmers show BNZ has a policy that there

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Speaker 1: is to be no new lending to petrol stations and

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Speaker 1: all existing debt needs to be paid back by twenty thirty. However,

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Speaker 1: bnz's CEO Dan Huggins told a Select committee at Parliament

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Speaker 1: today the mover is because we won't need the petrol

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Speaker 1: stations in twenty thirty.

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Speaker 2: We would expect that we're going to see conversion to

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Speaker 2: electric vehicles demand change for fuel services. So therefore we've said, look,

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Speaker 2: we we think we've got enough exposure in that space

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Speaker 2: and don't want to increase that exposure.

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Speaker 1: We're joined now by an owner of multiple rural petrol

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Speaker 1: stations who wants to remain anonymous because he's concerned about

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Speaker 1: his relationship with BNZ, which is fair enough. Get a

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Speaker 1: welcome to the show.

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Speaker 3: Oh hi, how are you?

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Speaker 1: I'm good? Thank you, thank you for talking to me.

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Speaker 1: What did ben Z tell you?

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Speaker 3: Well, are any new purchases of the petrol station We

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Speaker 3: will not have any lending available to us, and we

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Speaker 3: will not be able to and we have to pay

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Speaker 3: all our debts by twenty thirty. This is exactly what

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Speaker 3: we've been told by BNZ. We have approached them multiple

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Speaker 3: times for various reasons to expand, but every time we

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Speaker 3: have come across this hurdle.

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Speaker 1: And I have seen specifically it's because of our climate

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Speaker 1: change essentially.

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Speaker 3: Correct, and you know we've been told it is because

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Speaker 3: of the net Banking zero Alliance which be in there

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Speaker 3: have signed or multiple banks have signed, and because of

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Speaker 3: that we cannot get any more lending. And it's a

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Speaker 3: top down policy, and hence the reason are our local

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Speaker 3: individual who we deal with could not help us out.

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Speaker 1: Are you in a position financially to pay back you're

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Speaker 1: borrowing by twenty thirty?

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Speaker 3: Absolutely not. With the current cash flow of the businesses,

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Speaker 3: it's near impossible to make those payments. And that's our

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Speaker 3: worry that how we are able to make that payment

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Speaker 3: which run in a million millions, and we're not in

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Speaker 3: a position to pay that at all.

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Speaker 1: What happens if you can't, well.

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Speaker 3: We have to close down. And with closing down, then

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Speaker 3: those dozens of jobs.

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Speaker 1: Actually what about other banks have you tried any others

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Speaker 1: who perhaps aren't doing the same deal here as being.

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Speaker 3: Z Well, we've been trying to work with a bank,

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Speaker 3: but we have heard through various our colleagues who are

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Speaker 3: the fellow deal dealers, there are some restriction coming through.

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Speaker 3: Some are taking more prominent approach in climate related activities.

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Speaker 3: So we are finding that. But changing a bank who

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Speaker 3: suddenly because of this policy is really difficult. When you

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Speaker 3: are operating multiple sites, it's proving more difficult than anything else.

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Speaker 3: But the worry is that we can change the bank,

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Speaker 3: but if the other bank also changes, that will be

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Speaker 3: another blow to us.

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Speaker 1: The thing that I don't understand here is if anyone

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Speaker 1: was going to be converting to evs in the near future,

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Speaker 1: it wouldn't be a rural area like this would be

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Speaker 1: the last last place surely that you would be worried about.

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Speaker 3: Well, that's what I could not understand that, Hey, farmers

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Speaker 3: and other rural communities, they have got farm equipments where

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Speaker 3: they need to operate their farms and do all sorts

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Speaker 3: of and around their business. And if there are no

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Speaker 3: lending available to these petrol stations, there is very limited

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Speaker 3: options they have to a hand or maybe they closed down,

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Speaker 3: and where is that petrol or diesel will come from?

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Speaker 3: Are we thinking about farm or traveling fifty kilometers to

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Speaker 3: Amain provincial town to get their petrol? I don't think so,

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Speaker 3: and that's going to push costs up as well as

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Speaker 3: the job losses.

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Speaker 1: Well, good luck. I hope that you have you managed

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Speaker 1: to find some kind of solution here, because I mean,

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Speaker 1: as you say, you can't afford to pay it back

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Speaker 1: by twenty thirty, you can't. They're not allowing you to

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Speaker 1: go and buy another petrol station to borrow off, so

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Speaker 1: you'll you're limited. Your options seem to be limited. I

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Speaker 1: wish you the best to luck.

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Speaker 3: Thank you so much. Yes there are limited options, but

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Speaker 3: look we are still working and this is our nightmare

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Speaker 3: at the moment being in a petrol and street. I'm

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Speaker 3: sure you know something will change, will come about and

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Speaker 3: we sail through this difficult time.

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Speaker 1: Thank you very much for your time. That is the

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Speaker 1: owner of multiple rural petrol stations who wants to remain

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Speaker 1: anonymous because he's got a relationship with bended but you

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Speaker 1: can understand and he wants to try and protect that

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Speaker 1: as much as he can.

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Speaker 3: For more from hither Duplessy Alan Drive.

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Speaker 1: Listen live to news talks it'd be from four pm weekdays,

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