Mortgage News

Superbank says business as usual

Thursday 29th of December 2005
The bank, a joint venture between Australia's St George Bank and Foodstuffs, lost $11.5 million in the year ended September, up slightly from its $11.4 million loss the previous year.

The bank's losses since it started operating in February 2003 now total $35.5 million. As St George chief executive Gail Kelly said earlier this month, Superbank will no longer break even in 2006, reflecting the...

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