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Home loans help NZF grow its assets
Wednesday 2nd of December 2009
The non-bank company, that is looking to diversify its business into insurance, posted a profit of $2 million for the six months ended September 30, compared to a $1.3 million profit a year earlier, after it gained $1.3 million from a write-back in impaired loans and made $1.6 million on its interest rate swap contracts.
"It is important to understand that the write back of impaired loan...
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