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Investment
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Banks make more healthy profits, but headwinds coming

Rising interest rates have helped lenders widen their net margins, KPMG says.

The banking sector made $1.73b in profits in the June quarter

Maria Slade Wed, 21 Sep 2022

The banking sector made a healthy $1.73b in profits in the three months to June, albeit down slightly on the record $1.74b set in the March quarter.

The country’s nine biggest banks produced a 7.6% increase in net interest income to $3.22b in the three-month period, KPMG’s latest Financial

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Contact the Writer: maria@nbr.co.nz
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Banks make more healthy profits, but headwinds coming
Investment,
95838
true