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General Business
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Run of record bank profits may be over: KPMG

New report shows profitability levelled off in the December quarter, with a rise in provisions for bad debts.

KPMG head John Kensington speaks with Jonathan Mitchell.

The sun might be setting on record bank profits, with KPMG’s latest pulse showing a levelling off in the December quarter.

Its Financial Institutions Performance Survey concluded it was a solid 2022 for the sector, with net profit of $1.77 billion in the final three months of the year, unchanged

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Jonathan Mitchell Thu, 20 Apr 2023
Contact the Writer: jmitchell@nbr.co.nz
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Run of record bank profits may be over: KPMG
General Business,
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