Lower banking profits predicted in 2022
Inflation and rising interest rates will concern the sector, KPMG says.
While the banks reported another 7% increase in profits in the December quarter, the first three months of 2022 may be a different story, KPMG says.
Its latest Financial Institutions Performance Survey shows the sector made a 6.7% increase in net profit after tax to $1.61 billion during the
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