Kiwibank’s year of two halves
Net profit jumps 34% to $175 million, with the economic chill starting to bite in second half.
Kiwibank chief executive Steve Jurkovich speaks with Jonathan Mitchell.
Kiwibank has reported a year of two halves, as the slowing economy and high interest rates start to bite on households and businesses.
The bank made a net profit of $175 million in the year ended June 30, a 34% jump on the previous year’s $131m.
That was driven by a rise in the net interest margin
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