Agriculture lending specialist Rabobank has reported a drop in profit for the year to December as reduced interest margins, higher expenses and impairment charges offset lending growth.
Net profit was $129.7 million for the New Zealand banking group, down 10% from a year earlier.
Chief
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).
