close
MENU
Hot Topic EARNINGS
Hot Topic EARNINGS
General Business
3 mins to read

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

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive FREE 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

Smartphone Only Annual Subscription

NZ$249.00 / yearly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Subscription

NZ$29.95 / monthly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Already have an account? Login
Jonathan Mitchell Thu, 20 Apr 2023
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Run of record bank profits may be over: KPMG
General Business,
98686
true