Mortgage News

Fees may hit bank profits

Wednesday 6th of November 2013

But any dent in bank profits as a result of the new loan-to-value restrictions is not expected to be significant.

BNZ, ANZ and Westpac have recently released healthy profit reports and Massey University’s banking expert Claire Matthews said that was unlikely to change.

Westpac, which reported a 9% increase in cash earnings to $770 million in the year ended September, said it expec...

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