Mortgage News

Kiwibank adds $250m to loan book

Tuesday 5th of September 2006
The bank's net profit in the June quarter rose to almost $5 million from $2.33 million in the same quarter latest year, bringing its annual result to $15.8 million compared with $7.2 million last year.

Net interest income was up 50.3% to $15.2 million in the latest quarter and other income was up 30.1% to $26 million while operating expenses rose only 28.6% to $33.6 million.

Kiwibank's s...

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