Mortgage News

TSB's profit up, loan book down

Wednesday 27th of August 2008
Net profit for the three months was up 12% to $11.8 million and its deposits from customers grew by $100.4 million to $2.98 billion.

TSB's mortgage book slipped from $1.83 billion at the end of March to $1.82 billion at the end of June. That's the first time its mortgage book has gone backwards since Good Returns began tracking it in December 2002.

Using Reserve Bank figures as...

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