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Finance
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Kiwibank ready to beef up Big Four fight and improve competition

The bank reported a record profit of $202 million, with broad lending growth across the business.

WATCH: Kiwibank CEO Steve Jurkovich speaks with Jonathan Mitchell.

Key points
  • Operating income: $880 million, up from $816m. 
  • Profit: $202m, up from $175m. 
  • Main takeaway: Kiwibank eats into Big Four with broad lending and deposit growth. Chief executive Steve Jurkovich is bullish about the opportunity to be a ‘maverick’ challenger. 

Kiwibank has reported another record profit, with broad growth in lending across the business, as it approaches a new era with a ‘maverick challenger’ badge.

Its net profit in the year ended June 30 was up 15% to $202 million, compared with $175m last year.

The bank reported net lending growth of

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Jonathan Mitchell Thu, 22 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • Operating income: $880 million, up from $816m. 
  • Profit: $202m, up from $175m. 
  • Main takeaway: Kiwibank eats into Big Four with broad lending and deposit growth. Chief executive Steve Jurkovich is bullish about the opportunity to be a ‘maverick’ challenger. 
Kiwibank ready to beef up Big Four fight and improve competition
Finance,
105468
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