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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
2 mins to read

Bank lending margins begin to contract: PwC

“I wouldn't call it a significant contraction,” says PwC partner Sam Shuttleworth.

Jenny Ruth
Tue, 23 Jun 2015

The lending margins of New Zealand’s five major banks are starting to contract because of stiff competition, according to accounting firm Pwc.

Although the five banks’ collective pre-tax profit rose by 5.9%, or $94 million, to $1.69 billion in the March quarter, their net interest income fell by

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Jenny Ruth
Tue, 23 Jun 2015
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Bank lending margins begin to contract: PwC
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