Bank loans ‘dished out willy-nilly’

Dear Editor, without pointing the finger at any particular commercial bank in the Cook Islands, it concerns me greatly when I learn that a certain bank is willing to provide a $170,000 housing mortgage to a couple with four very young children when the total annual income of that same family/household would be in the vicinity of $45,000.

Dear Editor, without pointing the finger at any particular commercial bank in the Cook Islands, it concerns me greatly when I learn that a certain bank is willing to provide a $170,000 housing mortgage to a couple with four very young children when the total annual income of that same family/household would be in the vicinity of $45,000.