Mortgage News

Wheeler denies bank bias

Tuesday 4th of December 2012

Data obtained from the Reserve Bank by the Green Party shows New Zealand banks' pre-tax returns on assets from 2009-2011 make them the fifth most profitable in the OECD, with only Iceland, the Czech Republic, Singapore, and Australia’s banks more profitable.

Wheeler had told the Finance and Expenditure Select Committee that bank profits in New Zealand were about average or below those of...

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