Mortgage News

BNZ stepped up mortgage lending in June quarter

Sunday 22nd of August 2010

As well, BNZ's normalised June quarter profit near doubled, reflecting changes in the fair value of financial instruments, although net interest income fell slightly, its latest general disclosure statement (GDS) shows.

The bank's mortgage book grew by $245 million to $26.01 billion in the three months. That compares with its $126 million growth in the March quarter, $129 million in the...

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