Despite a slowing housing market, the banks made a record 8% increase in profits in the first quarter of this year.
The nine major banks made a collective $1.74 billion in net profit in the three months to March, up from $1.61b in the previous quarter, KPMG’s latest survey of the sector shows.
This
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
