Mortgage News

BNZ makes loss on tax case; mortgage book grows strongly

Tuesday 1st of September 2009

BNZ is appealing the tax case but provided $661 million against its nine months result, leading to a reported $183m net loss compared with a $597 million net profit in the same nine months a year earlier, its latest general disclosure statement shows.

Since it had reported a $400 million net profit for the six months ended March, it made a $217 million net loss in the third quarter.

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