Mortgage News

Banks net interest income falls - PwC

Wednesday 24th of June 2015

New Zealand’s five major banks (ANZ, ASB, BNZ, Kiwibank and Westpac) showed strong profits and lending growth in the first quarter of 2015, according to a PriceWaterhouseCooper (PwC) analysis.

They posted a $94 million net profit before tax – which was an increase of 5.9% to $1.69 billion in earnings.

However, the increase was offset by a decrease in net interest income of $3 mill...

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