TMM - News
Kiwibank reports best ever results
Thursday 18th of August 2022
Kiwibank says its net profit after tax rose 4% to $131 million for the year ending June 30.
It says home lending values grew by $1.8 billion, though much of this was in the first half of the year.
One of the the highlights, the bank said, is that it is partnering with more mortgage advisers; "Clearly the channel of choice for many home buyers and we are committed to supporting our adviser partners."
The second half saw a slow down due to the CCCFA, tighter LVR rules, a cooling housing market, and rising interest rates.
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