Mortgage News

Kiwibank's half billion mortgage book

Tuesday 16th of September 2003
While still not profitable, the government’s Kiwibank has chalked up important milestones including growing its mortgage book from $43 million to $501 million in the year ended June 30.

Kiwibank reported an $8.04 million loss for the year, down from last year’s $10.2 million loss. Chief executive Sam Knowles says Kiwibank’s original business case envisaged it would become profitable after thre...

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