Higher rates likely from SCF

South Canterbury Finance will take a fresh look at provisions as of June 30, and while CEO Sandy Maier is confident that additional provisions, if any, may be very low, he is also conscious of the fact that there could be surprises.

This means the company has to be prepared for such an eventuality.

Maier is also planning to increase interest rates if needed to attract depositors.

"We are still looking at further interest rate strategies for the coming months and do anticipate using this 'tool' as part of our liability management," he said.

Whatever the strategies, one thing remains clear - South Canterbury won't go down easily. Maier will ensure it fights for survival - and may even win.