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ISSUE 04 ·LIVE NOW
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CURRENT ISSUE
ISSUE 04 / 2026-07-30
Highview Industries
MANUFACTURINGWORKING CAPITALDIFFICULTY 2/5 · 5 MIN
An 11-year-old precision sheet-metal manufacturer in Hamilton. Revenue up 36% in two years on two three-year supply agreements, and the MD wants the revolver increased from NZ$2.5m to NZ$4.0m. The same request as Issue 01 on the surface — read this file on its own numbers.
Open the caseTHE REQUEST
ExistingNZ$2.5m revolver
RequestedNZ$4.0m revolver
Decision byTwo weeks — no drama
THE MIRROR FILE
- Same request as Issue 01.
- Every delta on the strip is green.
- 78% of FY26 under contract.
FY25 SNAPSHOT
SOURCE: COMPANY-PREPARED · UNAUDITED · COMPOSITE CASE — FICTIONAL
REVENUE
NZ$38m
▲+36% (2yr)
EBITDA MARGIN
12.4%
▲+80 bps
OCF
NZ$2.1m
▲growing with revenue
DSO
44 days
▲+2 days (2yr)
CONTRACTED FY26
78%
▲3-yr agreements
FIGURES ROUNDED · FY25 (management accounts) · COMPOSITE CASE — FICTIONAL
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GUIDE · FREENO SIGNUP
Commercial Banking Interview Questions
What a panel is testing with each question — and why preparing from investment banking technicals is the wrong genre for a credit or relationship role.
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GUIDE · FREENO SIGNUP
Working Capital Case Study
The order to read a file in, and two worked cases with opposite answers — the same facility increase declined in one and approved in full in the other.
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FROM THE LAB VAULT
FROM THE BOOK
How Bankers Think
Inside Commercial Banking's Hidden Curriculum
The way commercial bankers actually think — the temperament the interview is really testing, made explicit.
Commercial banking is defined less by technical content — learnable in a year — than by a specific way of looking at the world. Eight chapters and three appendices set out the frameworks senior bankers use and the dispositions they listen for.
BY MICHAEL SHANG · HIGHBANK PRESS
Paperback, ebook, and hardcover · First edition 2026 · 370 pages
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