SBS Bank lifts net profit more than 29% but margins squeezed
SBS's assets grew 2.7% to $2.86 billion in the latest 12 months.
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Hawke’s Bay
SBS Bank lifted annual profit attributable to its members by 29.4% but its margins were squeezed in the latter part of the year due to the extremely competitive residential lending market.
The Invercargill-based bank, formerly the Southland Building Society and which also owns HBS Bank, formerly
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Jenny Ruth
Tue, 23 Jun 2015
Tue, 23 Jun 2015
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SBS Bank lifts net profit more than 29% but margins squeezed
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