Mortgage News

BNZ not targeting NBNZ customers

Thursday 1st of November 2012

The bank’s net interest margin has risen 9 basis points over the past year. It now sits at 2.39%.

BNZ's cash earnings rose 21 per cent to $741 million in the full year to September. On an underlying basis, its profit was up 8.8%.

BNZ home loan lending is worth $28 billion and while chief executive Andrew Thorburn said the bank’s market share remained flat, at 16.1%, it was growing...

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