Mortgage News

SBS grows its mortgage book

Wednesday 22nd of December 2010

Its bottom line profit rebounded strongly, although the bank says underlying profitability was flat.

The bank's September quarter general disclosure statement (GDS) shows second quarter net profit more than doubled to $5.36 million from $2.64 million in the year-earlier second quarter. That followed a 55% slump in first quarter profit which the bank had attributed to its decision not to...

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