Kiwibank profit rises to $202m; forecasts 12 OCR cuts
Steve Jurkovich.
Kiwibank has reported a record profit, with broad growth in lending across the business.
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 $2.8 billion, growing its lending book by 9% to $32.4b. Overall, home
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Kiwibank profit rises to $202m; forecasts 12 OCR cuts
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