Mortgage News

Co-operative Bank's Dec Qtr profit falls, mortgage book grows

Wednesday 29th of February 2012

Reporting as a bank for the first time, the former PSIS' net profit for the three months ended December fell to $1.6 million from $2.5 million in the same three months of 2010. Profit for the nine months ended December halved to $3.4 million.

The bank puts the costs of becoming a bank at $0.6 million in the December quarter and $1.4 million in the nine months ended December.

Actin...

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