Main takeaway:BNZ net profit up in challenging and competitive environment, with ongoing caution about trade tariffs and business investment decisions.
BNZ’s first half net profit has risen to $795 million, while its business lending improved in an increasingly uncertain and “challenging” global economic environment.
Overall, the statutory net profit increased 4.3% in the six months ended March 31, compared with $762m last year.
Total
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Key points
Revenue: down 1.3% to $1.75b
Profit: up 4.3% to $795m
Main takeaway:BNZ net profit up in challenging and competitive environment, with ongoing caution about trade tariffs and business investment decisions.
