Bank profits slump in March quarter; late payments rise: KPMG
Latest financial institutions performance survey shows net profit falling 13% to $1.54b in the March quarter.
KPMG banking head and partner John Kensington speaks with Jonathan Mitchell.
New Zealand banks have reported a slump in net profit in the March quarter, a sign that higher interest rates and inflation are cooling the economy.
KPMG's Financial Institutions Performance Survey shows net profit falling 13%, from $1.77 billion in the December quarter to $1.54b in the March
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly
credit card debit
Premium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly
credit card debit
Premium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly
credit card debit
Premium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly
credit card debit
Yearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
